There are lots of dumb HN comments on any cryptocurrency related topic. Most of them don't know what they're talking about. It's one of the topics where engagem

There are lots of dumb HN comments on any cryptocurrency related topic. Most of them don't know what they're talking about. It's one of the topics where engagement here isn't worthwhile imo. The FTX story is interesting though - mostly reads like an execution by CZ: https://twitter.com/jonwu_/status/1590099676744646656?s=46&t=wsUGZLuBpCL9SnG5QSaUkQ https://twitter.com/jonwu_/status/1590099676744646656?s=46&t... The main technical innovation of cryptocurrency is the capability to self-custody funds. People ignore this at their own peril. That said, bad UX will lead people to do the wrong thing even when their life depends on it, so it’s not a surprise it continues to be a problem. My main takeaway from this is that Coinbase continues to be underrated in the crypto community and Brian Armstrong is a good CEO: https://twitter.com/brian_armstrong/status/1590088673726717952?s=20&t=8OAjWtTcsdfew5CSEHPZnw https://twitter.com/brian_armstrong/status/15900886737267179... I'm a little surprised SBF was engaged in this kind of scheme, there's a pretty interesting interview with him and Sam Harris here: https://www.samharris.org/podcasts/making-sense-episodes/271-earning-to-give https://www.samharris.org/podcasts/making-sense-episodes/271... Though I suppose Jane Street does select for people willing to take massive risk on bets they think they can control. It might have continued to work out too, but CZ saw an opportunity to destroy a competitor and had the capital to carry it out.