We really could have handled the 2008 Great Financial Crisis better... ArchaeoHistories @histories_arch In medieval Catalonia (Spain), bankers who became bankrupt, were publicly disgraced by town authorities, and given nothing but bread _ water to eat until creditors were paid off. After a year, if bankers failed to paid, they would be beheaded & their property sold off to pay them scott @scott_lew_is the existence of a corrupt relationship between Sam Bankman-Fried and Gary Gensler is becoming more and more plausible as more facts come out. latest: FTX general counsel used to report to Gary Gensler at the CFTC as his lead counsel. Ser Jeff Garzik @jgarzik What was SBF lobbying against? DeFi. 🤔 What would have prevented this? DeFi. 🤔 What exchanges already publish real-time proof-of-reserves? DeFi. 🤔 What will US regulators try to shut down? DeFi. 🤷♀️ To perform the Regulatory Capture maneuver, design a rule that sounds good to regulators because it sounds like it will protect citizens, but make sure that it will actually prevent your competition. suzuha ⚡🌙 @dystopiabreaker SBF was explicitly advocating *against* protocols that prevent the type of fraud he performed! he was advocating for legislation that would choose more fraud-prone structures as winners! Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly. We're looking into this.