
Don't Fall For The Bear Market Rally | Weekly Roundup
Supply Shock
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Is FTT a Ponzi Scheme?
There was an immense pressure about 12 months ago to accept payment in native tokens. Many entities that had a native token would say something to the effect of, okay, we're willing to pay $100,000 for service XYZ but if you accept our native token, we'll pay 250. But I don't think that was the case. I just think it was literally punch a button, print a bunch of more tokens. It's not really equity. The same money started in entity one, came to FTX, went to Genesis, comes back to FTX,. Then they give it to a bunch of other companies who then gave it to BlockFi and then they printed more FTT
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