• grte@lemmy.ca
    link
    fedilink
    English
    arrow-up
    69
    ·
    1 year ago

    What is this article, haha?

    It’s no surprise that the former trader would quickly catch on to the commodity of choice in his new environment. He has been a professional trader for much of his career. In 2013, he got his first intern gig at Jane Street Capital, swapping exchange-traded funds before cofounding his crypto-trading firm Alameda Research in 2017. A year later, he figured out how to arbitrage bitcoin between the US and Japanese markets.

    Yes, with his lengthy four year career before getting into the scam business he was certainly a master of his craft, lol.

  • eestileib@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    17
    arrow-down
    1
    ·
    1 year ago

    I first heard about the federal-prison mackerel economy in a Wall Street Journal article back from when the WSJ actually did offbeat interesting reporting… Like 15-20 years ago?

    Stackable, non-perishable, essentially (but not totally) zero consumption value… Better than bitcoin as a currency.