Comments by "something like that" (@somethinglikethat2176) on "FTX Was (And Is) A Complete Mess" video.

  1. Eron was a byzantine labyrinth of complex somehow legal accounting practices. FTX is like the equivalent of a troops of chimps spending a long weekend trashing an office.
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  2. Honestly if you are basing financial decisions on the advice of people famous for being funny, throwing a football really well or being professionally good-looking, it's your own fault. I feel sorry for them, but a fool and their money and all that.
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  3. Idk, everyone was saying the same about Elizabeth Holmes and she's more than a decade.
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  4. It reminds me of that Clark and Dawe skit about the European debt crisis. Bryan: so they lost the lot? John: Oh no, Bryan. Much more than that, a hundred times more than the lot.
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  5.  @aaronleverton4221  not necessarily. If they weren't subject to record keeping under Bahama law and as they were only registered as a money exchange in the US, it could be argued that they had no legal obligation to do so.
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  6. I'm less shocked to know Softbank was an investor.
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  7. That's my understanding too. Well at least the bulk of it.
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  8. Patrick Boyle has a video on his channel covering the financial side of this mess. Edit: if you're confused because it sounds too dumb to be real, don't worry, the situation is really that dumb.
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  9. Probably the same with anyone who is a successful outliner in any field.
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  10. With all the VC and hedge funds throwing money at him, I don't think boomers and gen X can take a victory lap on this one.
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  11. The funniest part imo is they got a decentralised currency and then stuck it in a centralised location.
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  12. If someone invests based on a paid advertisement by someone famous for acting, playing sports, etc. they should be considered an idiot.
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