Martin Shkreli Says He Played With Crypto, Responds Vitalik Buterin


Martin Shkreli, who infamously increased the price of an antiparasitic drug by 5.455% in 2017, praised Ethereum ETH/USD-based decentralized cryptocurrency exchange Uniswap (UNI) after being released from prison.

What happened: Hours after his release, Shkreli took part in a Twitter Spaces session and revealed that he had played with cryptocurrencies in prison, Decrypt reported.

“Uniswap is really cool,” said the former CEO of Turing Pharmaceuticals, now Verrica Pharmaceuticals Inc. VRCA.

“I started using Uniswap in prison,” Shkreli said, according to the Decrypt report.

Ethereum co-creator Vitalik Buterin expressed his dismay through a cryptic Tweet over the weekend, asking: “How do we create a culture where it’s harder to define (or become) the subject of a public conversation by doing something terrible? to do and easier to do by doing something great?”

Buterin got a response from Dogecoin DOGE/USD co-creator Billy Markus, who said most of the engagement comes from playing with the most “primitive” parts of the human brain.

“Platforms need to find a way to stimulate higher-level thinking and behavior instead,” he said.

at a high level, tuning incentives

right now, most of the engagement comes from playing with the most primitive parts of the human brain

platforms need to find a way to stimulate higher-level thinking and behavior instead

oh but you asked how?

i don’t know haha

— Shibetoshi Nakamoto (@BillyM2k) May 21, 2022

See also: Best USDC Interest Rates

Why it matters: In August 2017, Shkreli was found guilty of two charges of securities fraud and one charge of conspiracy to commit securities fraud, both unrelated to his price hikes of Daraprim.

In March 2018, he was sentenced to seven years in prison.

The Wall Street Journal reported in 2019 that Shkreli was running his former company using a smuggled cell phone.

Shkreli was recently released from prison and it was reported that he was in a shelter after completing all programs that could shorten his sentence.

Shkreli has been barred from involvement in the pharmaceutical industry and was also previously booted from Twitter. The former director posted on Facebook after his release: “Getting out of the real prison is easier than getting out of Twitter prison.”

Mathematician statistician and “The Black Swan” author Nassim Nicholas Taleb had his take on why Shkreli was released early from prison.

Martin Shkreli, has been released EARLY from federal prison. It wasn’t for good behavior; he was so unbearable that they wanted to take some pity on the staff.
https://t.co/rRMrEEVCtR via @WSJ

— Nassim Nicholas Taleb (@nntaleb) May 18, 2022

Read next: After Jeff Bezos, Elon Musk calls Dogecoin creator ‘wise’

Photo via House Committee on Oversight and Government Reform at Wikimedia


This post Martin Shkreli Says He Played With Crypto, Responds Vitalik Buterin was original published at “https://www.benzinga.com/news/22/05/27340694/pharma-bro-martin-shkreli-says-he-was-playing-around-with-crypto-uniswap-in-prison-vitalik-buterin-l”

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