11-29-2022, 10:48 PM
CZ seems to be following SBFs exact game-plan. Try to gain trust and bail-out a lot
<!-- SC_OFF --><div class="md"><p>This may be a bit odd but I still think that the amount of similarities we have got in this situation can't be a complete coincidence. Since CZ exposed SBFs scam (and rightfully so), his own game-plan seems mirror a lot the same game-plan from SBF earlier this year.</p> <p>Gaining trust from customers by presenting their transparency and "good" reserves, also doing bail-out of other partners in crypto. All that while your situation just worsens in the back.</p> <p>When LUNA collapsed earlier this year, SBF seemed to be the one person coming out to "help" struggling crypto firms and he was praised for that. Everyone seems be be struggling except FTX. Now we obviously know that all that was just a orchestrad play to gain trust and basically lie to us.</p> <p>Right now there are some similarities with CZ too:</p> <ul> <li><p>Talk about the strength of your own exchange through proof of reserves (which seems be not so detailed at Binance as liabilities are mit even included)</p></li> <li><p>Making a whole plan to bail-out other struggling crypto companies. They even once said to purchase FTX but dropped that after just looking at their balance sheet for a few hours.</p></li> <li><p>CZ tweeting a lot of shit to gain the trust of people (which mostly backfires as his false claims against Coinbase)</p></li> </ul> <p>This all may be some heavy speculation but still the similarities are there and I would say to not rely on any centrakized exchange right now, no matter how big.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z7a54i/cz_seems_to_be_following_sbfs_exact_gameplan_try/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z7a54i/cz_seems_to_be_following_sbfs_exact_gameplan_try/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>This may be a bit odd but I still think that the amount of similarities we have got in this situation can't be a complete coincidence. Since CZ exposed SBFs scam (and rightfully so), his own game-plan seems mirror a lot the same game-plan from SBF earlier this year.</p> <p>Gaining trust from customers by presenting their transparency and "good" reserves, also doing bail-out of other partners in crypto. All that while your situation just worsens in the back.</p> <p>When LUNA collapsed earlier this year, SBF seemed to be the one person coming out to "help" struggling crypto firms and he was praised for that. Everyone seems be be struggling except FTX. Now we obviously know that all that was just a orchestrad play to gain trust and basically lie to us.</p> <p>Right now there are some similarities with CZ too:</p> <ul> <li><p>Talk about the strength of your own exchange through proof of reserves (which seems be not so detailed at Binance as liabilities are mit even included)</p></li> <li><p>Making a whole plan to bail-out other struggling crypto companies. They even once said to purchase FTX but dropped that after just looking at their balance sheet for a few hours.</p></li> <li><p>CZ tweeting a lot of shit to gain the trust of people (which mostly backfires as his false claims against Coinbase)</p></li> </ul> <p>This all may be some heavy speculation but still the similarities are there and I would say to not rely on any centrakized exchange right now, no matter how big.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z7a54i/cz_seems_to_be_following_sbfs_exact_gameplan_try/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z7a54i/cz_seems_to_be_following_sbfs_exact_gameplan_try/">[comments]</a></span>