[ExI] bitcoin again

[spike at rainier66.com]

>…SBF’s model was that of tech startups burning up venture capital. The investors in such enterprises understand that they might make massive gains but also that more likely than not they will lose all of their money… Stathis

 

Ja Stathis, you might be right.  But needle on my BS detector slammed against the peg on Sam Bankman-Fried for reasons having nothing to do with cryptocurrency, as it does with the guy in the article linked below, sent to me by a friend who knows I am interested in cryptocurrency exchanges.  I don’t know this “news” source so it might be a more subtle version of the Babylon Bee, a parody in which someone is making up stuff and having fun with us (while selling ad space for a living.)  

 

My same stodgy prejudices which stopped me from trusting Sam Bankman Fried is even more suspicious of this CZ Zhao character, because he just seems like a classic Bond villain who is still trying to pretend he is trying to save the world.  If guys would just come right out and say they are going to make a bid to own all cryptocurrency exchanges, from which he plans to eventually own the planet, all while throwing in the occasional muwaaaahahahahaaa, perhaps a Doctor Evil threat or at least a Montgomery Burns finger tent affectation, I would trust the guy more.  At least I would believe him.  Plenty of people want to own the planet.

 

In this article, CZ comes across as some wannabe white hat riding in to rescue the cryptocurrency exchange industry.  Rescue it by buying it all perhaps.

 

I am a total cryptocurrency exchange virgin, never owned their stock or any digital currency (even while recognizing the necessity of exchanges and the necessity of decentralized digital currency) so Stathis and the hipsters (hey I like the ring of that phrase) do feel free to offer your take on this article, which (guessing by their choice of advertising) might be a parody:

 

 <https://www.zerohedge.com/crypto/there-will-be-pain-binances-cz-floats-billion-dollar-bailout-distressed-crypto> "There Will Be Pain" - Binance's 'CZ' Floats Billion Dollar Bailout For Distressed Crypto | ZeroHedge

 

spike

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