Has anyone ever thought about the danger SBF could potentially

Question

Has anyone ever thought about the danger SBF could potentially

do to crypto? Offering bailouts to failing companies. There's a reason they are failing. He has already said he will put $billion towards the next presidential race. Its pretty obvious which side he will back, the same as last time (which paid off?), it looks like the losing side to me next time around. I'm not American by the way, I've no skin in the game, I would be leaning towards Democratic politically and I was happy with Biden winning as I'm Irish and thought he would help with the whole Brexit mess in our country (he probably has as a deterrent to some degree). But if the Republicans win (practically a given?) the next election, does that not make SBF and crypto as a whole a huge target, especially if he is backing up big companies in the space? I'm bullish on this space as a whole, but seeing FTX / Almeda gaining a powerhold in the industry is very worrying, and presents a very obvious target to send the house of cards falling, which crypto as a supposedly decentralised system has always kind of been unfortunately.

#cryptocurrency #english #woo

0

28.06.2022

13 ответов

11 просмотров

Billy Browne Автор вопроса

Drew
SBF is trying to save everything from crashing or ...

If FTX / Alameda done to the tradfi markets what they've done to crypto they would be in jail. I can't believe they are offering stocks now, inviting trouble. Too greedy. Crypto is seen as the wild west, fair game you're all degenerates, if you lose all your money its your fault. Different kettle of fish if Alameda are running stops on the tradfi market.

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29.06.2022

Drew

Billy Browne
If FTX / Alameda done to the tradfi markets what t...

political play imo, don't see anything other reason

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29.06.2022

Billy Browne Автор вопроса

Drew
political play imo, don't see anything other reaso...

The crux of it is SBF FTX / Alameda is becoming way too much of a central point of failure, and quite possibly an obvious target for the next president of America.

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29.06.2022

Drew

Billy Browne
The crux of it is SBF FTX / Alameda is becoming wa...

Maybe sir. Everything happens for a reason, time will tell the value of this reason

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29.06.2022

Billy Browne Автор вопроса

Drew
Maybe sir. Everything happens for a reason, time w...

If there is to be a crypto knight in shining armour to swoop in and save the industry, you, me and everyone else better hope its CZ. We'll all be in it for the tech if it's SBF and he's let to be the main man, we have to live off the steam off his piss.

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29.06.2022

Drew

Billy Browne
If there is to be a crypto knight in shining armou...

many tried to be a hero and the result was the same.

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29.06.2022

Team Plutus

Billy Browne
If there is to be a crypto knight in shining armou...

If not CZ or FTX then it would be one of the tradfi giants. The crypto market has proven itself to be too lucrative due to human greed. Crypto isn't going anywhere any time soon, it's growing faster than the internet

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29.06.2022

$Ⓜ️ $$$

Team Plutus
If not CZ or FTX then it would be one of the tradf...

Any reason why it should not go down

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29.06.2022

Team Plutus

$Ⓜ️ $$$
Any reason why it should not go down

Do you mean the rate of adoption? Think of it (adoption) as a bell curve 🔔, at the moment we are still going up to the top of the curve. The rate will change/peak in the coming decade after enough people have exposure to it. All fiat is going to zero eventually

0

29.06.2022

$Ⓜ️ $$$

Team Plutus
Do you mean the rate of adoption? Think of it (ado...

Price action

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29.06.2022

Team Plutus

$Ⓜ️ $$$
Price action