3min chapter

Behind the Bastards cover image

How Sam Bankman-Fried Conned the Crypto World

Behind the Bastards

CHAPTER

The Biggest Split Within Cryptocurrency

A group of EA nerds formed a trading firm called Alameda. In doing so, they came down on one side of probably the biggest split within the crypto community. The core of the idea that's not bad, that exists within cryptocurrency is that decentralized state controlled money has problems. Most people don't want to go through that pain in the ass and put all of their crypto currency into what are effectively crypto banks.

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