Roma
Inverse #SkinintheGame. You get rich selling a story and transfer the downside to suckers.
Many techies were upset with the criticism of the insiders cashing out upon the "debut", w/a legal trick that allowed them to sell immediately, unlike with standard IPOs.
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RT @edels0n
One of the greatest robberies of the decade.
https://www.semafor.com/article/05/01/2023/shareholder-lawsuit-says-coinbase-execs-vcs-saved-1-billion-by-selling-befo…
https://twitter.com/edels0n/status/1653227721072209922
Over the past 4 decades, I thought I'd seen every possible *ex post* spin by investors & traders who lost money. This is about the perfect zero-imagination excuse.
Indeed, Bitcoin is a product designed by toddlers for use by children.
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RT @balajis
I JUST BURNED A MILLION TO TELL YOU THEY'RE PRINTING TRILLIONS
The million dollar bet is now closed out by mutual agreement. I made $1M+ in provable on-chain donations, which you can verify b…
https://twitter.com/balajis/status/1653451860488130565