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17 hours agoFTX were a bunch of kids that had zero experience managing risk through down markets that overextended themselves. Binance let their guard down in an escalating cyber security risk environment. It’s a different kind of stupid.


FTX were a bunch of kids that had zero experience managing risk through down markets that overextended themselves. Binance let their guard down in an escalating cyber security risk environment. It’s a different kind of stupid.


The model 3 was their big mass market car. The garbage truck probably turned off more people than it turned on.


Probably swarms of AI and not teams of people at this point. Someone like Musk fundamentally distrusts people.
From Garbage Truck to Slop Taxi