from Patrick McKenzie | by Patrick McKenzie

Patrick McKenzie


5 months ago

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One day later: FTX announces that they are being purchased by the competitor spreading a whisper campaign about them. Trying to catch up on the why, but I have a high-quality speculation as to it.

(Let the record reflect that my estimate yesterday of calamity this year for them was 6%, up from 5% before the solvency-is-fine tweeting. Clearly I did not update enough.)

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