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Whoever told you BlockFi is "decentralized" is very very confused/wrong.

• kwertyoowiyop 4y ago
  The profits are centralized. The losses are decentralized.
  • fosk 4y ago
    Ah, it seems like the crypto industry has borrowed the “too big to fail” book that also decentralized the losses to the taxpayer. Some things never change.
    • aaaaaaaaata 4y ago
      Greed in humans when there's money around?
• bdcravens 4y ago
  I was speaking to the industry as a whole. The more exchanges and platforms consolidate, the more it becomes the banking system, but with more risk and more complexity.
  • whatisweb3 4y ago
    why? FTX can buy all the dying CeFi platforms if they want. nobody needs to use them as long as DeFi continues to exist and improve