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FTX is centralized, regulated, and audited. This is the problem - people think more regulation would solve this problem and it fails time and time again. Dece
by TimJRobinson 4y ago
FTX is centralized, regulated, and audited.
This is the problem - people think more regulation would solve this problem and it fails time and time again.
Decentralization is the solution. A decentralized exchange like Uniswap, Balancer or GMX will never suddenly go bankrupt and lock up your money because everything is public and transparent.
Eventually with ZK Proofs we'll be able to have privacy and open source transparent protocols. Which will be a massive upgrade for finance.