4.6 • 851 Ratings
🗓️ 25 November 2022
⏱️ 11 minutes
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0:00.0 | And so basically the US sort of strategic base in this war, this Cold War of over in fake money, was a strategic polycule in the Bahamas. |
0:10.6 | Yes. |
0:11.4 | Genuinely, yes. |
0:12.2 | This one weird guy and his pollicule were like a national asset, which president she was able to suborn through another weird guy. |
0:27.9 | Yeah, I mean, I think that's true, although, you know, I wouldn't necessarily call FTCS a U.S. exchange. |
0:33.4 | It was very firmly offshore. |
0:36.6 | And both FTCS and Binance have these sort of weird arms of the company that operate in the U.S. only. |
0:46.7 | You know, there's Binance U.S. and there was FTX U.S., both of which were like, oh, okay, fine. |
0:52.0 | You, you know, party poopers in the U.S. government won't let us |
0:55.1 | do completely bananas things with users' funds and, you know, list any token under the sun. |
1:01.1 | And so they created these sort of smaller, less fun exchanges that people were supposed to be |
1:07.1 | able to use if they were U.S. residents. |
1:08.7 | But I think the actual, you know, the legitimacy that has been ascribed to those |
1:15.1 | exchanges is maybe unearned because there is definite evidence to show that Binance U.S. |
1:21.2 | was set up largely as a sort of distraction for U.S. regulators who would hopefully pay attention |
1:27.3 | to that and not the fact that Binance was funneling U.S. regulators who would hopefully pay attention to that, and not the |
1:28.8 | fact that Binance was funneling U.S. users into their offshore exchange using VPNs and things |
1:35.0 | like that. And so it's bizarre to me, I think, when people talk about FTX US, as though it is a legitimate, |
1:42.2 | you know, totally still a float arm of FTCX that wasn't operating |
1:47.5 | in exactly the same way as Binances was. You know, FTA, Sam McMahon-Fried has insisted that FTCS is |
1:55.6 | totally fine, totally, you know, withdrawals are still active. People have no concerns if they are in FTX, US, |
2:04.1 | despite the fact that he has not separated any of his other companies at all in the way that he |
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