Date: 2024-07-27 Page is: DBtxt003.php txt00025576
CRYPTO
AN EXPLANATION OF THE FTX STORY
Slidebean: The Other Side of FTX’s Disgrace - Company Forensics
AN EXPLANATION OF THE FTX STORY
Slidebean: The Other Side of FTX’s Disgrace - Company Forensics
Original article: https://www.youtube.com/watch?v=vcsyZf5tmrk
Peter Burgess COMMENTARY
Peter Burgess
Slidebean
Feb 7, 2023 (Accessed October 2023)
472K subscribers ... 46,590 views ... 1.8K likes
#TaylorSwift #BadBunny #SBF
We don't just make videos. We help founders craft stories about their businesses. Pitch De
- ck Design Agency ► https://yt.slidebean.com/z7b
- The Slidebean Platform ► https://yt.slidebean.com/pg7
- Financial Modeling ► https://yt.slidebean.com/vgz
- Join our YouTube Community ► https://yt.slidebean.com/community
- #slidebean #startups #FTX #SBF #crypto #scams
There’s an elephant in the room, surrounding the FTX story- that no one else seems to be talking about.
You guys have been asking for this video, but we didn’t want to do yet another re-telling of what happened (or is happening).
Sam Bankman-Fried is a criminal; he ran his company irresponsibly- but that’s not the worst part about the collapse of his company.
It’s The pension fund that lost $95 million invested in FTX.
It’s The African founders that lost everything. Everything! And had to fire everyone in a day.
The VCs that actually had to write apology letters (that doesn’t happen).
It’s what it says about peopleTRUSTING him.
I am going to explain what happened with FTX, don’t worry- but that’s not the point of this video.
For bitcoin or for any cryptocurrency to actually be a currency, to actually play a part in our future… people need to TRUST in it.
And FTX is just the latest case that shows how greed, market manipulation, personal feuds get in the way of a potentially revolutionzing piece of tech.
Bankman-Fried speaks terribly about how, time and time again, we’ve put TRUST in the wrong person - and the future of the crypto revolution hangs in that balance.
About Slidebean
Slidebean is a platform for founders to scale their startups. Our platform offers everything you need to build your startup, your pitch deck, set up your company, and start gaining traction. Our team of experts can also help you write and design your pitch deck and build the financial model for your startup.
Follow us
- Twitter: http://twitter.com/slidebean
- LinkedIn: http://linkedin.com/company/slidebean
- Instagram: http://instagram.com/slidebean
- Twitter: http://twitter.com/cayahere
- LinkedIn: https://www.linkedin.com/in/caya/