6 ms·
Because it doesn't? In fact, many crypto proponents are happy that these centralized pseudo-banks get all flushed the out.
by k__ 4y ago
Because it doesn't?
In fact, many crypto proponents are happy that these centralized pseudo-banks get all flushed the out.
- ceejayoz 4y agoClaim to be happy. There's a reason "this is good for Bitcoin" is a meme.
- k__ 4y agoAnd rightfully so. Competing with centralized entities is hard.
- throwup 4y agoIf a person wants an industry to succeed, they will want companies in the industry to behave honestly. And if a company behaves dishonestly, they will want the dishonest company to leave that industry. Why is that so hard to believe?
- ceejayoz 4y agoBecause shills exist, who claim something is good when they know it's bad. Typically due to a vested interest, like wanting the industry to succeed. "This is good for Bitcoin" is a meme precisely because these people exist, publicly trying to spin any negative into a positive. Pretending collapses like FTX don't impact the cryptocurrency space in negative ways is dishonest.
- throwup 4y agoCompanies like FTX collapsing do negatively affect the space. But what's even worse is companies like FTX that are irresponsible and haven't collapsed yet. What's a guy to do? I warned people last year not to use FTX. Now FTX is gone. Please tell me what feelings I'm allowed to feel now that they're finally gone.
- ceejayoz 4y agoFeel however you like. I will continue to feel that most "this bad news is actually good for crypto" claims involve quite a bit of at least motivated thinking and pure shillery at worst.