Law
Real wealth is tangible things produced with tangible effort.
Loans made out of thin-air 'money' require no effort and are entirely ephemeral.
But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.
"Given its behavior, a legal intervention into Telegram’s business practices was inevitable. But the end of private conversation, and end-to-end encryption, need not be. Fending off onerous speech regulations and overzealous prosecutors requires that platform builders act responsibly. Telegram never even pretended to."
https://www.platformer.news/telegram-durov-arrest-france-explainer/?ref=platformer-newsletter
📣 Sam Bankman-Fried Asks Trump for Pardon in First Prison Interview
In his first interview from prison, Sam Bankman-Fried criticized the Biden administration and sought a pardon from President Trump. He reiterated FTX's solvency but blamed mishandling of its bankruptcy. Bankman-Fried also distanced himself from his past political views, now aligning more with the Republican Party. As FTX begins customer repayments, he insists there was no intent to do so.
