Re:Sam Bankman-Fried found guilty on all charges
by rounce on Saturday November 04, 2023 @07:05AM
(#38139908)
What exactly was the tech platform that WeWork built?
Re:Sam Bankman-Fried found guilty on all charges
by makingstuffs on Saturday November 04, 2023 @11:20AM
(#38141838)
I’d argue crypto is a commodity and that the underlying blockchain is the tech.
You can make a cryptocurrency without creating any new tech whatsoever. And you can create a blockchain without creating crypto.
Re:Sam Bankman-Fried found guilty on all charges
by hazyc on Saturday November 04, 2023 @04:44PM
(#38144947)
This is why I think it's strange that Coinbase is considered a crypto company. It is/was a Ruby on Rails web app. Almost like calling the CME Group an agriculture company.
Re:Sam Bankman-Fried found guilty on all charges
by nvm0n2 on Monday November 06, 2023 @08:46AM
(#38162493)
What platform did FTX create? Were there apps you could install into FTX?
FTX was just an ordinary financial company, AFAICT. It had a bit of software to run the order book, but wasn't run by technical people, had no R&D effort and no obvious reason to develop one, and so on.
WeWork was just a company like any other, I can't see a single factor that could make this be a tech company.
To me, at heart, a tech company must develop some new kind of tech and do so in-house.
It is fair to call FTX and WeWork tech companies because they built platforms, powered by the internet and apps to modernize legacy offline industries. That's been the definition of a tech company since the 90's dotcom boom.