FTX bailing out these shitty crypto companies shows they are incompetent. Abetter use of those funds would be to have added bitcoin to their balance sheet at these low prices.

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

Created Sep 9, 2010

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