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A comment on Binance founder Changpeng Zhao agrees to step down, plead guilty. Parent comment

Re:Binance founder Changpeng Zhao agrees to step down, plead... by knorker on Tuesday November 21, 2023 @07:27PM (#38372752)
I've seen analyses showing even without CZ it was just a matter of time before the house of cards collapsed.

"It's only when the tide goes out that you see who's swimming naked". The tide was going out even without CZ's actions. And FTX was swimming naked to the bone.

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Re:Binance founder Changpeng Zhao agrees to step down, plead... by cdchn on Wednesday November 22, 2023 @11:21AM (#38381268)
Oh FTX was definitely a house of cards, but maybe they could have played funny money games, got more investement, and otherwise stayed solvent until their Antropic bets paid off mayyyybe. But CZ definitely swept their legs out, purely out of spite.
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Re:Binance founder Changpeng Zhao agrees to step down, plead... by knorker on Wednesday November 22, 2023 @04:43PM (#38385568)
Agreed, it's maybe-maybe not. This is like playing what-if. There's no A/B testing with history.

What is not the case is that it would have clearly gone one way or the other.

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