- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
Well that sounds terrifying!
Interesting tension there between “rich white assholes are above the law” and “don’t fuck with rich people’s money”.
SBF found himself on the wrong side of that one…
He emulated a crypto version of bank and hedge fund, but for some reason failed to see that he had to stay solvent when the FED can’t save him.