Evidence receipt / belief
Published · transcript-backedSam Bankman-Fried: belief
15 Dec 2021 Acquired FTX (with Sam Bankman-Fried & Mario Gabriele)
“The answer is that there actually weren't a lot of other players in this value chain. That's one of the bigger differences between what we see in crypto and I think what we see in most financial ecosystems.”
Source trail
Everything needed to verify it.
- Speaker
- Sam Bankman-Fried
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 15 Dec 2021
- Publisher
- Acquired
Transcript context
…All right. There are lots of other players in this potential value chain here. Right. So why exchange? The answer is that there actually weren't a lot of other players in this value chain. That's one of the bigger differences between what we see in crypto and I think what we see in most financial ecosystems. Where usually, by the time from start to finish, how many people are involved in an average equities trade? It's a pretty big number in fact. As we learned with the whole Robinhood situation.…
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