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“Yes, it is a Ponzi structure. But it is not a Ponzi.”
In this entertaining excerpt from Zeke Faux’s forthcoming book, we get a glimpse of the crypto Bahamas conference before Sam Bankman-Fried’s fall. Pretty fun stuff! Seems like Michael Lewis was all-in on SBF, among other nuggets here.
That’s What I Call Ponzinomics
[Intelligencer]
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