100% agreed that this is not a decentralized finance or blockchain/crypto issue. This is the traditional finance (CeFi) mentality of under collateralized debt, fractional reserves, gambling with other people's capital using leverage, and blatant theft from retail infiltrating the new decentralized financial system, that can and will be built around eliminating human corruption and manipulation as blockchain algorithms mature. The banksters likely have a hand in most or all these crypto collapses in some form - it doesn't take much of their capital to destroy projects, raise up fraudulent entities like FTX through investments and media, and ultimately manipulate crypto into downward spirals. They want to force as many people out of decentralized money and into their centrally controlled CBDC blockchain for their Great Reset. More pain is likely to come as long as the tyrants are in control of the governments, internet gateways, and people insist on using their debt notes we call "money".
You are viewing a single comment's thread from: