I really don't understand how NYTimes, Vox, Vice are all seemingly refusing to accurately tear down how evil Sam and associates were for screwing over so many people.
The NYTimes was quick to destroy owners of other exchanges (whom I also do not view favorably) but is mysteriously lenient, deflecting criticism, outright censoring themselves.
How does this happen? Just what is the relationship with these media outlets, Sam?
The party mantra from the Democrats and their supporting media outlets seem to be to remove Sam as much as possible and downplay the role he played in causing havoc.
Already a handful of people have committed suicide as a result of this FTX fiasco, Sequoia, WEF, have all deleted their praising words for Sam and playing dumb.
I have this feeling that something is going to break. It's going to get really ugly for this country and other entities will fully utilize the chaos to seize whatever they can.
I think the far simpler root cause of all this is amphetamine abuse. A prolonged state of sleep shortening (he openly talks of using amphetamines and sleeping pills in a tweet from a year ago) and mania causes psychosis.
It's likely that Sam genuinely believed his own deceptions that he created earlier to grift and the amphetamine have eroded his capacity to manage risks such as committing multiple felonies that no other CEO would dare because of its obvious consequences such as spending the rest of your life behind a prison.
I've heard a few legal experts and their take was : Sam & Caroline are going to spend the rest of their lives locked up. The reality still hasn't sunk in yet seeing Sam's wild apology that destroyed his last possible defense of alleging incompetence (he's depiction of himself as a bad coder that caused the situation) with a weird insistence that what he tweeted is not admission.
Seems like a good person wouldn't build a backdoor to siphon off funds without triggering the checks and balances. This requires planning and clear evidence of intent to commit a serious felonies amongst others.
Really disappointing that Marc went in this direction and continues to double down in flirting with what increasingly looks like unregistered securities.
Bubbles have come and go in the past and have ruined those who have been leveraged in their foolish stubborn future.
Unlike the Internet, which novelty quickly exploded into useful utilities that power much of our modern reality, blockchain, crypto have after 10+ years proven they are void pits of brining out the worst in people: greed.
It's sad that internet's earliest pioneer's endeavours and character have been building up to commit the biggest grift in human history.
Have a bottle of screaming eagles that I will open when Marc goes to prison after the politicians look for people to execute publicly when millions of its voters demand justice. Although I question whether such justice will be carried out in our modern America.
"All our heroes are counterfeit, the world itself is just one big ponzi"
The curious part is that even with insane returns, they still struggled to get attention from institutional investors who appear to be a mix of cash and short positions.
the thing is this corporate bond liquidity issue is not new. first alarms were raised in 2019, then they printed money like crazy in 2020, and now they are tightening and we are seeing bond liquidity meltingdown.
theres a very real chance that 10% yield will spike further and downgraded
its not just Citrix but corporate bond liquidity was highlighted in 2019 then the pandemic happened and everybody just glossed over it. now the pace of liquidity crunch across all corporate bonds is picking up as rates pick up.
I actually gave fly.io a whirl over the weekend. was not fun. spent a lot of time on the forums and its pretty clear it has some way to go before it can give AWS or Linode a run for their money.
For instance, we run kubernetes on multiple VPS providers, including public clouds with serverless onramp/offramps deployed on edge location. Anything under 15 minutes are processed by serverless. Anything longer is offloaded to one of the VPS containers available in every part of the world.
I have some more feedbacks ready if you are interested, its a neat idea but not exactly as seamless and easy as the idea proposed since public clouds already offer a way to do this.
checkout the citrix bond situation. unable to raise targeted goal through issuing corporate yields. its really scary we are seeing corporate bond yields spiking and liquidity drying up.
if a legitimate large corporation is having trouble raising money, its a huge red flag.