Comments by "Mark Armage" (@markarmage3776) on "FTX investor: SBF ‘seems to have no empathy or understanding’ of the damage caused" video.

This guy is clueless. Bitcoin functions exactly the same way as any other "alternate cryptocurrencies". What can Bitcoin do that Dogecoin can't do? These people just want the world to accept Bitcoin because that gives them huge monetary power without having to do any work, get rich quick scheme. The appeal of centralized exchanges is not about owning your own money, it's about high volume of trading and high volatility for people to get rich without trying, it's a casino. If people have to trade stuff slowly from their own wallet, it loses the appeal of volatility.
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That's total nonsense, pal. You don't need a board, you don't need risk management board, you don't even need accounting. The only required position in the company is President, Secretary and Treasurer. The point is that if you have those things, the board, etc, then maybe certain aspects of risk can be reduced. However it also reduces mobility of growth. It's a trade off.
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@janetmcginty7712 Again, FTX is not a public company, and there's no legal requirements of any kind to have a "board". Your subjective moral standard has no place in the real world. The "investors" invested in a company with high growth without a board, that's their fault. And no, diversity of thinking doesn't lead to better decision making, it just leads to stagnation, which prevents really bad decision, but it doesn't lead to anything better. That is why the exploding growth of the majority of the big companion happened when they're new and mobile
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@janetmcginty7712 No, it's not, pal. There is no guarantee whatsoever that having a board will deliver better business results. Business results based on decisions made a brilliant individuals can outperform or underperform the decisions made by a board. Keep it real, homie. Facebook has a board, but the majority controller of such board is Zuckerberg, so do they have a board if he maintains absolute voting power? Board or no board is just a means of business regulations. Absolutely power in the hands of absolutely brilliant individuals goes just as well. Simply because it's impossible to have all brilliant board members. Apple in the 1980s had a board, Xerox had a board. Just because they have a board doesn't guarantee you success. Study real business, pal.
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