by Joseph P. Farrell, Giza Death Star:
Just this last Monday I blogged about a story shared by L.G.L.R. concerning the collapse of the FTX crypto-“currency”. In that blog I pointed out the problems mentioned by the current acting CEO of FTX, that the company apparently kept virtually no records; it was, as he put it, a “paperless bankruptcy”. As I pointed out, I thought this to be a tremendously problematic admission. After all, the whole point of crypto-“currencies” is supposedly their relative “unhackability:, and the relatively “secure” nature of the blockchain technology and its “distributed ledger” &c &c. Wasn’t the whole point to be paperless yet to have some records? And now the records are gone?