Sam Bankman-Fried: belief

Transcript context

…The market was still in the takeoff phase. You weren't coming from behind against FTX today. That's right, but we are coming from behind with respect to today, some of the things we're trying to do. Some of the segments that we're trying to get at, we don't currently have that much penetration in. I do think we're still trying to do that. But I agree that there's some extent to which you can get liquidity moats, customer moats, regulatory moats, and whatever. There are a lot of moats I think can exist here. Is it fair to characterize FTX as a whole as you have the exchange business, both spot and derivatives as the bigger part of it? That's a great business and you've certainly built network economies and scale economies power there. But I think, if I'm hearing you right, you're thinking about, in the long-term, there's a lot more opportunity for FTX to build products and serve here than just beyond that. Gaming being just one of those.…

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