One benefit to #FTX:
It looks like it scared the shit out of Wall Street. Billions of dollars from hedge and investment funds were wiped out.
One benefit to #FTX:
It looks like it scared the shit out of Wall Street. Billions of dollars from hedge and investment funds were wiped out.
The same way you create wealth via crypto, the same way crypto can take it away.
This is as volatile it can be
#focus
This is why DEX's still have a place. After all, FTX was centralized & regulated (or was that "regulated"?), and look what happened. To the degree the market was free, the free market worked as expected and weeded out a losing proposition.