Oh yeah. You can’t really blame cz as a result of I imply, fraud is a fraud. It seems from this guide, there’s a lot of blame to people like Carolyn Ellison who ran Alameda Research, Gary Wang, who was their technologist and, and wrote all of the code and, and Nisha Singh, is it just that they played the prisoner’s dilemma better than Sam Bankman freed, like everybody was so fast to throw him underneath the bus. Really, actually amusing. I wanna discuss a few of the injury from crypto, but earlier than we get to that, you’ve been going to the Sand Bankman free trial about Ft X’s collapse. In hindsight, I was telling him, I was like, listen man, I simply spent a couple days at Sam Bankman Free’s workplace. So he picked two of his lieutenants and he was like, all right, you’re the Democrat and you’re the Republican. These guys. They’re full bond villains. These guys do nonetheless have a ton of money.
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That makes sense. None of these other things appear to have a real use case. It turns out they don't use the NFTs for ticketing. And he instructed me it used to be these human traffickers use banks and like maybe they’d arrange, give pretend names or whatever when they opened their financial institution accounts. So the problem is that FTX, the way in which the exchange was set up, they claim that they had this nice threat administration system, this superb liquidation engine. In 2018, SkyCity Online Casino opened up, and Kiwis can’t get enough. And John introduces me and he is like, Zeke, when you screw this up, I’ll kill you. And it says right on the, on the massive sign out front USDT, like, we'll commerce your tether right here. So a zero value of capital, 1% a day is actual money. So instead the crypto corporations would say, Hey customers go to Tether, send them some actual money, get some Tether tokens, then you'll be able to deliver them over here and gamble with them. Think there was some real effort to love get dentists to update their tooth databases or something.
Just assume about how, and his logic sort of made sense. So, so inform us just a little bit concerning the leadership of Tether. Proper. So everybody’s wallet has an handle that’s not related to their title. And I used to be shocked when he instructed me he had billion. But one of the things he wished was for the CFTC to regulate crypto. The Chinese authorities has cracked down and there’ve been a number of busts. Magic number. Yeah. That you can earn for those who deposited your terra coins into the anchor protocol. Right. Very easily. Let’s speak about a few of the opposite gamers in each crypto and, and stable coins. Had a form of, Celsius was like a crypto bank and he was saying, semi me your stable coins and I’ll pay you interest on them. Let’s, let’s speak about Celsius and, and is it Alex Masinsky another stable coin? Un unbelievable. So, so one of the, my favorite tales from this period was the Tara Luna stable coin scenario and a, a pretty well regarded hedge fund manager, Mike Novogratz.
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Musk apparently didn't clarify what precisely he meant that the probability was on his facet - he didn't make clear whether or not he was speaking concerning the likelihood that Tesla would go non-public, whether or not it actually had the funding to take action, or whether it may very well be accomplished on the $420 a share price he said. Nonetheless, the thesis behind them - coined as "individualized mass transit" by Musk - has been criticised by precise transportation planners as whole novelty. The CEO of the electric-automotive company, Musk believed the chances had been in his favor. They might also inflame tensions with the city’s taxi authority and the Las Vegas Monorail firm, since they could be the first of The Boring Company’s initiatives that compete immediately with those transportation choices. The Las Vegas Convention and Guests Authority is working with town and county on permits to extend the underground system beyond the Convention Center to area resort-casinos and different websites, CEO Steve Hill told the Las Vegas Assessment-Journal. The Convention Center Loop was paid for by the Las Vegas Convention and Visitors Authority (LVCVA), which is a government agency established by the Nevada legislature. Unlike the Convention Center Loop, which will be free to journey, trips to Encore and Resorts World would cost between $three and $5, in keeping with Steve Hill, LVCVA president and CEO, who spoke to CNN.
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