Blockchain gossip: The former CEO of FTX is worried that employees will no longer work hard because they become rich by holding coins? 😯
According to CoinDesk, "The Big Short" author Michael Lewis revealed in his new book "Going Infinite" that former FTX CEO Sam Bankman-Fried was worried that his employees would hold large amounts of money due to the sharp rise in the price of Serum (SRM) tokens in 2021. SRM tokens become wealthy and may no longer be willing to work up to 14 hours a day on their crypto trading platform. In order to prevent this from happening, Bankman-Fried decisively modified the release rules of SRM tokens and locked employees’ SRM tokens for seven years.
This new book about SBF, "Going Infinite: The Rise and Fall of a New Tycoon", was published on October 3, and Apple also purchased the copyright of the book for US$5 million! Michael Lewis's other books include "The Fallen King of Cryptocurrency Sam Bankman-Fried & FTX", "The Big Short", etc.
Do you think it makes sense for the former CEO of FTX to do this? Feel free to speak freely in the comment area and discuss this interesting topic together!
According to CoinDesk, "The Big Short" author Michael Lewis revealed in his new book "Going Infinite" that former FTX CEO Sam Bankman-Fried was worried that his employees would hold large amounts of money due to the sharp rise in the price of Serum (SRM) tokens in 2021. SRM tokens become wealthy and may no longer be willing to work up to 14 hours a day on their crypto trading platform. In order to prevent this from happening, Bankman-Fried decisively modified the release rules of SRM tokens and locked employees’ SRM tokens for seven years.
This new book about SBF, "Going Infinite: The Rise and Fall of a New Tycoon", was published on October 3, and Apple also purchased the copyright of the book for US$5 million! Michael Lewis's other books include "The Fallen King of Cryptocurrency Sam Bankman-Fried & FTX", "The Big Short", etc.
Do you think it makes sense for the former CEO of FTX to do this? Feel free to speak freely in the comment area and discuss this interesting topic together!