Nostr Web Client

Interesting analysis of the backend code created by Wang by request from SBF to allow Alameda to trade with FTX customer funds.

How many fiat banks do you think have been doing this for generations without code?

Also, ironic that FTX have turned a profit, primarily due to their investment in Anthropic, meaning the administrators are able to pay off most, if not all of the creditors.

https://www.youtube.com/watch?v=wbuhIIyfoWo

hh 1y ago

My estimate is that 100% of them have been doing it since "modern" banking first appeared in medieval Europe.

But --- Since banks can now do whatever the fuck without even holding any reserves at all, we're finally safe for sure!

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Discussion

mike 1y ago

Agreed, also banks are doing it legally 😂

Legal and illegal are just opinions coded in written language.

node 1y ago

Out of context but totally agree with your second sentence. It annoys me when I say something similar to my normie friend and he says: but these laws are what make our civilization work

mike 1y ago

Ahhhh Normies, what would we do without them? 😂

node 1y ago

We would have more common sense 😂