this post was submitted on 29 Aug 2023
720 points (100.0% liked)
Technology
37739 readers
572 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They offered a tenuous high yield lending program, that the SEC only jumped on after it collapsed from the FTX contagion. Litigation is pending afaik and depends on whether the program qualifies as a security, but the SEC has been losing ground in their optimistic claims of what they think qualifies as a security (outcome of Ripple lawsuit etc.).
Don't get me wrong, any such program is sketchy and I trust Gemini less for having offered it, but IMO it doesn't put them on the same tier as an exchange like FTX or make me think they would inject malware into software they have a connection with.
Yeah that's fair. I'd say it falls into the same boat as the argument against the CEO; they haven't done anything clearly malicious, but their bad decisions are enough to give you pause and reconsider.