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Sam’s Fried Bank Is The Best Thing To Happen To Bitcoin

Ugly Old Goat
6 min readNov 21, 2022

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Rediscovering The Lost Art of Commercial Banking In A Parrallel Economy

Burned Out Chase Bank from May 30, 2020 Riots in La Mesa California.

Today criminals get probation for burning down a bank and while Crypto World criminals are heroes for generosity with stolen funds.

If you are not familiar with FTT it is explained here.

The FTX Token (FTT) was created by FTX Exchange, a cryptocurrency derivatives exchange. The company behind the token is based in Hong Kong and was founded in 2019. The founders are Sam Bankman-Fried, who is also the CEO of Alameda Research, and Gary Wang.

The FTT cascade started with The Coindesk article published on November 2, 2021, which showed that the majority of equity in Alameda Research was in the FTT token, created by the exchange FTX rather than an independent asset.

As Cory Klippsten, CEO of investment platform Swan Bitcoin “It’s fascinating to see that…

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Ugly Old Goat
Ugly Old Goat

Written by Ugly Old Goat

Ugly Old Bitcoin Standard Bearer

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