David Gerard

reminder: the Binance crypto exchange is COMPLETELY SOLVENT if you count their pile of in-house supermarket loyalty card points BNB as being worth what they say

Dan Davies points out that it's not even clear that FTX will turn out to be the biggest financial scam of 2022

Dec 24, 2022 at 5:14pmWeb
Show threadLazarou Monkey Terror 🚀💙🌈Dec 24, 2022
@davidgerard I'm just assuming the whole Crypto scam is about to come down now.
Show threadCoach Pāṇini ®Dec 24, 2022
@davidgerard @Lazarou
Show threadDan SugalskiDec 24, 2022
@davidgerard ah, it’s already the 24th and a holiday week. I’m sure things will keep teetering along until at least the beginning of next year. Maybe not far into next year, but…
Show threadDavid GerardDec 24, 2022
@wordshaper the great thing is that this is even a question
Show threadDan SugalskiDec 24, 2022
@davidgerard I know! Normally you’d get to this point in the year and think things were settled, but with crypto… well, if nothing else we can say they’re very enthusiastic about doing their thing, even when it’s a very bad idea.
Show threadBea FurnissDec 24, 2022
@davidgerard The real question is whether *any* current crypto exchange is a good faith enterprise. This seems more and more unlikely, as time goes by.