Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i...
by TheNewsIsHere on Wednesday May 29, 2024 @10:04AM
(#40512155)
I do wonder about how he could have hidden assets in advance. Not that you should, but it’s a fun thought experiment.
Almost eight years is a long time to hold onto a phrase in memory. You would want to repeat it to yourself every day, and not aloud. You would probably want to make sure someone who really cared about you had a copy.
On the other side, that is also a long time for crypto. If your chosen currency crashes or evaporates in the meantime, what was the point over stashing it somewhere in cash or some other liquid or easily liquidated collateral?
Perhaps “buying your mom” a load of extremely valuable jewelry that for some reason is still in the box and lives in the basement would be another gamble without as much risk.
Almost eight years is a long time to hold onto a phrase in memory. You would want to repeat it to yourself every day, and not aloud. You would probably want to make sure someone who really cared about you had a copy.
On the other side, that is also a long time for crypto. If your chosen currency crashes or evaporates in the meantime, what was the point over stashing it somewhere in cash or some other liquid or easily liquidated collateral?
Perhaps “buying your mom” a load of extremely valuable jewelry that for some reason is still in the box and lives in the basement would be another gamble without as much risk.