Jake Thacker

um which is part of the whole paypal mafia thing and so all these indicators were that he wanted to be part of that group was willing to give over billions of dollars in order to do that and it fit kind of the motif of why he originally said he started ftx in his principles of kind of a decentralized collective, right? And everyone gives to everyone and so on and so forth.

And that's what my thought is, because again, no one has ever questioned why did he start this? It wasn't nefarious at the beginning.

And that's what my thought is, because again, no one has ever questioned why did he start this? It wasn't nefarious at the beginning.

And that's what my thought is, because again, no one has ever questioned why did he start this? It wasn't nefarious at the beginning.

And again, in all intents and purposes, despite all the marketing and that kind of thing, it was doing that. Like the platform did better things than some of the other ones. It was holding up to, quote unquote, its true mission or philosophy in some respect. But again, I think the Alameda platform

And again, in all intents and purposes, despite all the marketing and that kind of thing, it was doing that. Like the platform did better things than some of the other ones. It was holding up to, quote unquote, its true mission or philosophy in some respect. But again, I think the Alameda platform

And again, in all intents and purposes, despite all the marketing and that kind of thing, it was doing that. Like the platform did better things than some of the other ones. It was holding up to, quote unquote, its true mission or philosophy in some respect. But again, I think the Alameda platform

And the FTX, whatever they're doing with Alameda, whatever that was for, again, I think ties back into some of his inkling to be part of that crew. And whatever it is that they want to try and accomplish, I think drove a lot of that and it ended up blinding him to his responsibility of, I started this company. There was millions of people involved. There's billions of dollars involved.

And the FTX, whatever they're doing with Alameda, whatever that was for, again, I think ties back into some of his inkling to be part of that crew. And whatever it is that they want to try and accomplish, I think drove a lot of that and it ended up blinding him to his responsibility of, I started this company. There was millions of people involved. There's billions of dollars involved.

And the FTX, whatever they're doing with Alameda, whatever that was for, again, I think ties back into some of his inkling to be part of that crew. And whatever it is that they want to try and accomplish, I think drove a lot of that and it ended up blinding him to his responsibility of, I started this company. There was millions of people involved. There's billions of dollars involved.

I can't just neglect that at this point. But by that point, it was too far gone. The funds were not there.

I can't just neglect that at this point. But by that point, it was too far gone. The funds were not there.

I can't just neglect that at this point. But by that point, it was too far gone. The funds were not there.

I pushed aside the juvenile nature of the platform. Although people didn't seem to have an issue with it, and it seemed to be drawing a larger following in community day after day, month after month, it still wasn't as robust as some of the larger players. But money, it does weird things to people, and it makes you rationalize things that you wouldn't normally rationalize.

I pushed aside the juvenile nature of the platform. Although people didn't seem to have an issue with it, and it seemed to be drawing a larger following in community day after day, month after month, it still wasn't as robust as some of the larger players. But money, it does weird things to people, and it makes you rationalize things that you wouldn't normally rationalize.

I pushed aside the juvenile nature of the platform. Although people didn't seem to have an issue with it, and it seemed to be drawing a larger following in community day after day, month after month, it still wasn't as robust as some of the larger players. But money, it does weird things to people, and it makes you rationalize things that you wouldn't normally rationalize.

in situations where you didn't think you were going to lose it. And that's prospect theory, if you're familiar with that, if we value loss more than we value gain. And that's what drove a lot of, I think, people to start to look at FTX more legitimately in, again, 2024, when the market was, I mean, Bitcoin was tanking. I think by June or July, it was the lowest it had been. And

in situations where you didn't think you were going to lose it. And that's prospect theory, if you're familiar with that, if we value loss more than we value gain. And that's what drove a lot of, I think, people to start to look at FTX more legitimately in, again, 2024, when the market was, I mean, Bitcoin was tanking. I think by June or July, it was the lowest it had been. And

in situations where you didn't think you were going to lose it. And that's prospect theory, if you're familiar with that, if we value loss more than we value gain. And that's what drove a lot of, I think, people to start to look at FTX more legitimately in, again, 2024, when the market was, I mean, Bitcoin was tanking. I think by June or July, it was the lowest it had been. And

almost the inception of Bitcoin. But that was probably the one that I look back on and say the lack of longevity and established order within the marketplace was something I probably should have been more concerned about.