https://blog.dshr.org/2023/05/fractional-reserve-crypto-banking.html
"Michael Lewis is writing an eagerly awaited book on Sam Bankman-Fried and the
collapse of FTX, and on his podcast series he has been interviewing sources he
used in his research. The latest one is an entertaining interview with Molly
White. The best part is their discussion of how the story justifying
cryptocurrencies keeps changing.
Nakamoto's goal for Bitcoin was:
What is needed is an electronic payment system based on cryptographic proof
instead of trust, allowing any two willing parties to transact directly with
each other without the need for a trusted third party.
Below the fold I examine how this earliest cryptocurrency story changed."
Via Amy Castor and David Gerard:
<
https://amycastor.com/2023/05/26/crypto-collapse-fahrenheit-buys-celsius-dcg-may-be-broke-hong-kong-cracks-down-binance-commingling-how-bitfinex-was-hacked/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
