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0 pointsWXLCKNO3y ago0 comments

> I truly underestimated human greed where making 7 figures of profit A DAY is not enough and you still gamble with user funds.

This is the mind boggling part to me and many others like you. How do you mess up this bad when you were on top of the world and a billionare before age 30? Was it really not enough?

Not sure which exchanges are sane anymore these days, you can rule out pretty much anything with it's own token as being too high risk, including Binance. Coinbase went too big too fast and we saw extreme greed with them going public. Kraken seem cautious overall, taking fewer risks and doing things the right way?

Hard to say for sure.

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jasonwatkinspdx3y ago

My personal crackpot theory is a lot of these people become addicted to the gamble, so following a simple sure thing plan is actually a huge turn off for them. I definitely think you see this in Elon's recent behavior, where even if he ultimately took the same strategic actions, just a tiny bit of restraint in the execution would save him vast sums of money and headache.

chucksmash3y ago

FWIW, the only exchanges allowed to do business with NY residents are (were?) Coinbase and Gemini. Perhaps worth looking at what the barrier to doing business is there. As other exchanges go toes up, it makes me think whatever it was might have been more useful than the kneejerk "ugh, probably some stupid government paperwork" one might first be tempted toward.

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jasonwatkinspdx3y ago

chucksmash3y ago

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