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This has nothing to do with Bitcoin or not. Bitcoin was probably one of FTXs largest assets. Every cryptocurrency allows self custody, as this is core to the co

by woah 4y ago

This has nothing to do with Bitcoin or not. Bitcoin was probably one of FTXs largest assets. Every cryptocurrency allows self custody, as this is core to the concept.

siftrics 4y ago
It has everything to do with Bitcoin. If this was all done on-chain, users would have sole custody over their funds and no one else in the entire world, including SBF, would be able to move them or loan them out.
- vitiral 4y ago
  Bitcoin supports a few transactions per second globally. Please explain how everything would be done on chain?
- zeven7 4y ago
  It can't be done on Bitcoin. It can be done on Ethereum.
  - siftrics 4y ago
    Yes, I know. I used the term Bitcoin as a syndoche for cryptocurrencies as a whole, because the parent commenter used the term Bitcoin.
RustyRussell 4y ago
Well, their largest asset was probably their own token. Once that went to zero, maybe it was Bitcoin, but I doubt it. Tether more likely. Remember, this was a casino, not really an exchange.