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RE: FTX disaster explained 🙈

in LeoFinance2 years ago

Unfortunately it's a bit of the usual "It's not your keys, it's not your crypto" Users must be clear that we must go towards decentralization if we want to have freedom of decision. If not, this will be cyclical as it already happens with the banks and soon we will see the centralization authorities asking for a guarantee fund for crypto deposits. Not only will they have control but they will also have the coins.
The solution is simple "decentralization" but it is not comfortable.