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2026-08-04 04:30:34 CEST
in reply to

weev on Nostr: People should also consider the legal and moral traditions of ethics in corporate ...

People should also consider the legal and moral traditions of ethics in corporate governance. Both as an investor of other people’s deposits, a purveyor of financial advice (though unlicensed) and as a board member of OpenSats Matt Odell incurs fiduciary duties. That means he cannot give out money according to his own social connections or personal financial interests. He has an obligation, a *legal* obligation, to invest the money to the person that is best fit for the job.

The key to know that Matt Odell violated his fiduciary duty here is that two of the investments he made and promoted, both with the ColdCard and with Primal, were to obviously incompetent people that made broken products. And they are both *neighbors*, something we know thanks to Damus developer
nvk literally invited me to his house with his *neighbour* miljan and their investor odell and tried to bring me into their little scammy cabal. Clown face me all you want retard.

It is statistically impossible that two of the best people to invest money in and promote on all the 8 billion people on the planet are fucking neighbors. That is not remotely plausible, especially with their very visible incompetence. The only sensible thing to know is that he gave the money to these people and promoted him not because they are the best person to receive the capital, but because they are in the social graph and engaging in racketeering. Odell is even *more culpable* than NVK because NVK is a retarded taco-guzzling torto and it’s quite possible that he did the best job he could. You can tell just by looking at his face that he’s a fucking moron. In contrast, Odell violated his fiduciary duty to engage in preferential treatment for this fat clown. He’s morally and potentially legally culpable, and I recommend everyone that lost money due to the ColdCard look into suing Odell, OpenSats, and Ten31.