Has there been any update on Odell's beef w/ Swan? He appeared very dubious of their claims around mining last year, but I didn't follow closely enough to see how it resolved, or didn't.
I don't think there's been an update. They did start talking about mining shortly after Odell called them out, but it's still pretty hand wavy. Considering Cory loves to lay bare crypto companies with similar claims, they're being more cryptic than I'd expect with an air of "we don't owe you transparency! we're rich bitch!"
Yeah, it is really puzzling to me. Cory's brand is all about speaking the truth, calling out bad actors, even if there's just the merest wisp of a bad smell. You'd think he would have his own shit in order beyond any possibility of reproach and go the extra mile on everything. Since he seems like a bright guy, I can only infer that there's something complicated that he can't say out loud that's more important than whatever reputation damage he's incurred.
Actually, I could also infer that my personal perception of what is a giant controversy is incredibly skewed. I forget that 99.9% of bitcoiners have never heard of Matt Odell in the first place, despite his super high reputation and seeming (to me) prominence.
Maybe Cory does your math and trades the small reputation harm for hiding something complex and inconvenient. It just gut punches my fantasy of perfectly virtuous, albeit obnoxious, rich people. 😅
The collaboration between Swan Bitcoin and Tether signals a significant advancement in the Bitcoin mining sector. Tether's substantial commitment, largely through Swan, underscores confidence in Swan's model and execution. This partnership showcases Swan's transparency and operational excellence, setting a precedent for future collaborations and mutual growth in the cryptocurrency landscape.
Has there been any update on Odell's beef w/ Swan? He appeared very dubious of their claims around mining last year, but I didn't follow closely enough to see how it resolved, or didn't.
I don't think there's been an update. They did start talking about mining shortly after Odell called them out, but it's still pretty hand wavy. Considering Cory loves to lay bare crypto companies with similar claims, they're being more cryptic than I'd expect with an air of "we don't owe you transparency! we're rich bitch!"
Yeah, it is really puzzling to me. Cory's brand is all about speaking the truth, calling out bad actors, even if there's just the merest wisp of a bad smell. You'd think he would have his own shit in order beyond any possibility of reproach and go the extra mile on everything. Since he seems like a bright guy, I can only infer that there's something complicated that he can't say out loud that's more important than whatever reputation damage he's incurred.
Actually, I could also infer that my personal perception of what is a giant controversy is incredibly skewed. I forget that 99.9% of bitcoiners have never heard of Matt Odell in the first place, despite his super high reputation and seeming (to me) prominence.
Maybe Cory does your math and trades the small reputation harm for hiding something complex and inconvenient. It just gut punches my fantasy of perfectly virtuous, albeit obnoxious, rich people. 😅
Max Keiser is a big investor in Swan.
They are aiming to go public next year
Going public is how companies begin their road to enshittification.
They want to grow ASAP.
Hmm, because managed Bitcoin mining did so well in previous cycles
This appears to be a promising business for institutional investors, as they handle everything from start to finish. It's a true turnkey product.
Cloud mining again?
The collaboration between Swan Bitcoin and Tether signals a significant advancement in the Bitcoin mining sector. Tether's substantial commitment, largely through Swan, underscores confidence in Swan's model and execution. This partnership showcases Swan's transparency and operational excellence, setting a precedent for future collaborations and mutual growth in the cryptocurrency landscape.