This is a big news story.
The Makerdao is a legend in decentralized finance, and Bitgo is the go to custodian.
It's shocking that Bitgo would merge with a questionable enterprise. I would assume they did their due diligence. Do you think this could be an over reaction?
Do you think there's any anti-asian bias here for this BitGlobal, which is based in Asia?
DO you think this is a calculated move by Justin Sun which could drive business away from BitGo and Makerdao to his companies as alternatives?
This raises so many questions.
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Yes, I think it is a huge story.
I assume you are right about due diligence, and it may be that this BitGlobal is a trustworthy custodian, but Justin Sun is a lightening rid for media attention, and much of it is bad.
Yes it could be an over reaction if the transparency actually does exist.
As for Justin Sun,anti-asian bias and this being a plan by Justin Sun...anything is possible, but those things seem improbable.
Yes, Bitgo is a huge customer and means revenue to Makerdao, but they seem adamant
Yes, I assume a big, rich company did it's due diligence. But I think you could be right, that they may have under estimated the push back and negatives associated with Justin Sun.
True even large corporations can under estimate the political or emotional fallout or blowback for their decisions.