1/ HOW BAD IS THE HOLE FTX HAS DUG ITSELF INTO AND HOW DID THIS HAPPEN?
There are no public facts, only rumours. We can make guesses about how a billion dollar money making machine can fail.
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2/ It seems that FTX.com (not FTX.US) might have borrowed their user assets to Alameda, against their terms of service. Unless this is a misleading paragraph IANAL.
3/ The rumoured hole in the balance sheet of Alameda is $3B - $15B. Currently, there are no public facts on this.
1/ HOW DO BLOCKCHAINS AND STABLECOINS BENEFIT INTERNATIONAL BUSINESS-TO-BUSINESS TRADE TODAY?
A case study on our company doing USD stablecoin payments using blockchains like @avalancheavax for practically free.
A thread.
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2/ There has been a lot of criticism that blockchains do not solve "any" real-world problems. While some of the hype might be oversold, saying blockchains do not solve any real-world problems is plain wrong.
3/ This thread is in the light of the criticism from thought leaders like @ProfHilaryAllen, @markrussinovich, @molly0xFFF - while some of the criticism is welcome, the discussion should be rational and balanced. We present the positive aspects blockchain solves for us here.