If you're in the ponzi business, maybe don't quip to your colleagues in writing that you should be retitled "Ponzi Consultant". Also, a16z-backed rugpulls, Tesla buys high and sells low.
Love that you pull in that Brianna Wu tweet...
Great stuff as usual!
Thank you for your work! You and your illuminative colleagues give me hope (and substantive arguments) that there's a chance of lifting the veil of techno-greed cast over many in my community.
Keep it up!
Another bit of color on Rally: The SEC claimed that the company's $RLY token was a security last year in its insider trading complaint against former Coinbase employee Ishan Wahi (Source: https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf). Of course, Coinbase still allows users to buy & sell $RLY. Insider trading in, rug pulling out.
Great reporting, as usual. Like you, amazed that CNN is still doing lazy both-sides-now reporting on crypto. I think NYT and WSJ get it now. I learned recently that Schwab and Stanley Morgan and others began offering crypto ETFs back before the crash, basically promoting a Ponzi scheme. Would love to see a mainstream press piece on how those have fared.
The trainwreck that keeps on giving.