DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Close your eyes and take a deeeeeeeep breath.
Now try to think of the most **hated** person of 2022.
Was it Liz Truss?
Elon Musk?
Donald Trump?
Amber Heard?
Martin Shkreli?
How about Sam Bankman-Fried?
I would say that he rank pretty high up there.
For all the drama and chaos Sam has caused, he might just the most hated man in 2022.
Think about all the people he affected.
The amount of money lost.
The pain and suffering he caused to the millions of customers that trusted FTX.
This was so much worse than Bernie Madoff.
At least the ones scammed by Bernie were richer elites, not the common joe who put in their life savings and whatever they had to use a crypto exchange.
This was such a gut punch in the most despicable and deplorable manner ever.
It’s like hitting someone in the groin… with a bus… at full speed… and then reversing over them again to make sure.
It is understandable why he might be the most hated person in 2022.
SBF went from hero to zero in a few days.
His networth went from billions to $100k in record time.
Actually, it might have set a new record for fastest drop in wealth.
By the time journalists learnt about it and started reporting the news, his networth was falling like the FTT token value which now stands at $0.914188 USD.
At its peak:
FTX, the crypto exchange was worth about $32B.
FTT was worth about $25.
And SBF, the wonderkid was worth around $16B.
FTX had $10B of customers deposits.
Under their terms and conditions, FTX was not allowed to use customer’s deposits for any other purpose without their consent.
Challenge accepted.
SBF actually tasked his engineers to build a back door and directly channel the customer funds straight to Alameda Research.
That is blatantly criminal and wrong on so many levels.
Alameda Research, which he co-owns, went on to gamble away the funds like drunk frat boys at the las vegas casino.
Oh did I mention that Alameda Research was run by his ex-girlfriend?
So just like that, billions of customer’s money vaporised and the dominos fell, and boy did they fell HARD.
It took 3.5 years to build FTX into the behemoth that it was.
It only took less than a day for all of it to unwind.
How did investors, analysts, pundits, influencers and the media all miss this?
Where was the promised due diligence?
Did we not learn anything from 3AC, Do Kwon, Celsius, Blockfi, Bernie Madoff, Theranos, Adam Neumann…?
Why do such things keep happening in crypto?
Perhaps it is a good thing.
The sooner we flush out these bad actors, the sooner the market can recover, rebuild and prosper once more.
-
Is Sam Bankman-Fried the most hated person in 2022?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #sbf #sambankmanfried #hatedperson2022 #ftx #scam #ftt
Close your eyes and take a deeeeeeeep breath.
Now try to think of the most **hated** person of 2022.
Was it Liz Truss?
Elon Musk?
Donald Trump?
Amber Heard?
Martin Shkreli?
How about Sam Bankman-Fried?
I would say that he rank pretty high up there.
For all the drama and chaos Sam has caused, he might just the most hated man in 2022.
Think about all the people he affected.
The amount of money lost.
The pain and suffering he caused to the millions of customers that trusted FTX.
This was so much worse than Bernie Madoff.
At least the ones scammed by Bernie were richer elites, not the common joe who put in their life savings and whatever they had to use a crypto exchange.
This was such a gut punch in the most despicable and deplorable manner ever.
It’s like hitting someone in the groin… with a bus… at full speed… and then reversing over them again to make sure.
It is understandable why he might be the most hated person in 2022.
SBF went from hero to zero in a few days.
His networth went from billions to $100k in record time.
Actually, it might have set a new record for fastest drop in wealth.
By the time journalists learnt about it and started reporting the news, his networth was falling like the FTT token value which now stands at $0.914188 USD.
At its peak:
FTX, the crypto exchange was worth about $32B.
FTT was worth about $25.
And SBF, the wonderkid was worth around $16B.
FTX had $10B of customers deposits.
Under their terms and conditions, FTX was not allowed to use customer’s deposits for any other purpose without their consent.
Challenge accepted.
SBF actually tasked his engineers to build a back door and directly channel the customer funds straight to Alameda Research.
That is blatantly criminal and wrong on so many levels.
Alameda Research, which he co-owns, went on to gamble away the funds like drunk frat boys at the las vegas casino.
Oh did I mention that Alameda Research was run by his ex-girlfriend?
So just like that, billions of customer’s money vaporised and the dominos fell, and boy did they fell HARD.
It took 3.5 years to build FTX into the behemoth that it was.
It only took less than a day for all of it to unwind.
How did investors, analysts, pundits, influencers and the media all miss this?
Where was the promised due diligence?
Did we not learn anything from 3AC, Do Kwon, Celsius, Blockfi, Bernie Madoff, Theranos, Adam Neumann…?
Why do such things keep happening in crypto?
Perhaps it is a good thing.
The sooner we flush out these bad actors, the sooner the market can recover, rebuild and prosper once more.
-
Is Sam Bankman-Fried the most hated person in 2022?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #sbf #sambankmanfried #hatedperson2022 #ftx #scam #ftt
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