If the exchange needed Alamedas liquidity to grow, and Alameda needed FTX client money to trade, there is no separation between the scam and the business.
New episode is uploaded.
This one is about @KrisAbdelmessih who got his start at Susquehanna 25 years ago. Topics:
-unlearning the bad habits that made him lazy and unserious when he was young
-board games, prop bets, and poker as training tools for taking risk
🧵
We've done a few episodes about the sports betting business which you can check out via the link in the profile, but I wanted to offer a thread about the *rhetoric* of the evolving legal sports betting business. Because it is a shit show.
NEW— Palantir CEO Alex Karp on @michaeljburry’s short:
“I don’t like short sellers.”
“I think what was happening was market manipulation. I strongly suspect he was getting out of his position. And to get out of his position, he had to screw the whole economy by besmirching the
No beef in gambling twitter is ever going to top Nate calling Keith Rabois a payment risk. It’s one of my favorite things that has ever happened on this website.