Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
15 Dec 2021 Acquired FTX (with Sam Bankman-Fried & Mario Gabriele)
“Of course, at this point in time, I think the whole idea of a DEX, of a decentralized exchange didn't even exist yet.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 15 Dec 2021
- Publisher
- Acquired
Transcript context
…I think that's right. I think it's probably the right way to evolve. Yeah, there are a lot of advantages to that system. Which of the intermediaries in the traditional system was providing large value? You come out saying like, oh, maybe one of them was, it's not totally clear. Maybe zero, I don't know. I think it makes a lot of sense as a system. I don't think the sequence and [...] up there. But because it did, the exchange is the important piece. It's just like, there's no ambiguity about that. So if you're going to do something in crypto, you are going to do it at the exchange level, on the infrastructure side. That's where the value was. Of course, at this point in time, I think the whole idea of a DEX, of a decentralized exchange didn't even exist yet. I think it did technically exist, but it just wasn't really much of a developed thing.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.