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Michael Breitenbach — On Crypto, AI & Cynicism (EP.150)
Infinite Loops
I Think the Extent of the Alameda Deal Was a Little Bit Surprising
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I think there's a little bit of both when he started off, Alameda started in 2017, I believe, FDX launched in 2019. But then there's alpha decay. And there's some questionable elements in crypto with exchanges self-dealing as themselves. The question is at what point did things get really bad? I think in the spring would probably be my guess, but it's hard to say. More will come out over time.
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