Serious Questions About Shuffle.com (Launched by Former FTX Employee)
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1. Noah Dummett's FTX Connection:
Noah has been open about this, and spoken about this in his interviews. There's no other "connection" than working for them. And he has worked for BitMEX as well, or is that less shady? Their CEO got jailed too. Do you really think that FTX employees haven't already been investigated during the aftermath of the fall? How are we going to do a better job than the FBI on this?
2. Anonymous Key Personnel:
Shuffle is a private company, and I am pretty sure that they don't need to give names of their employees to the public. It's a matter of security and privacy. You might be able to dig them from some public payroll record, but I don't know how that works overseas.
3. Potential Operational Similarities to FTX:
Not sure how this would even matter, or how we would get access to this data. And I don't think that any "bonus systems" had anything to do with the fall of FTX.
Immediate Actions for Community and Stakeholders
What do you mean by stakeholders? Just because we play in there or own $shfl, we aren't stakeholders. But by all means, we can demand a lot and transparency never hurt anyone. Just keep in mind that we also need to accept some limits on that, because with companies that are responsible for god knows how big amounts of customers' crypto, there has to be a ton of privacy and that means fewer ways to have access to their "key" employees by social engineering.
1. Noah Dummett's FTX Connection:
While it's true that Noah has been open about his past employment, the concern is not just about his previous jobs but the potential replication of problematic operational practices. Transparency and accountability are crucial, especially given the legal issues surrounding FTX. Comparing this situation to BitMEX doesn't negate the need for scrutiny. It's not about doing a better job than the FBI, but about continuous vigilance and ensuring ongoing transparency in Shuffle.com's operations to prevent similar issues.
2. Anonymous Key Personnel:
While privacy is important, the use of aliases by key personnel in a financial service raises red flags. Transparency about the identities of key decision-makers is critical to building trust, especially in the wake of major financial collapses like FTX. Anonymity can be exploited for malicious purposes, and it's in the community's interest to know who is handling their funds.
3. Potential Operational Similarities to FTX:
Operational practices are fundamental to the integrity of any financial platform. If Shuffle.com is using similar systems to those that failed at FTX, it poses a significant risk. Accessing this data might be challenging, but it's essential for stakeholders to push for audits and transparency to ensure that the same mistakes are not repeated. Bonus systems and user fund management are critical components that can impact the overall stability and fairness of the platform.
Immediate Actions for Community and Stakeholders
Stakeholders include anyone who has a vested interest in the platform, including users and token holders. Demanding transparency is not only reasonable but necessary to ensure the integrity of the platform. While privacy is important, it should not come at the expense of accountability. Balancing privacy with transparency is key, and there are ways to protect sensitive information while still providing the community with the assurances they need about the platform's operations and the people running it.