Welcome to the world's largest gambling den
No one calls fraud when things are smooth sailing and the pie is large enough to be shared. It just takes one bad egg, one wilful misstep.
The great FTX blow up (part II)
Rather than using leverage as a financing tool to grow business, a large part of leverage today is being mis-used as a product by bankers to profit from greedy customers who want to achieve outsized investment returns.
The great FTX blow up
Do I think an investment into crypto or bitcoin take off? I do not know. More important than what I think is actually what others think.