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It's almost as if the unregulated anti-establishment ethos of crypto allowed this to happen, and allows it to keep happening.
by ninepoints 4y ago
It's almost as if the unregulated anti-establishment ethos of crypto allowed this to happen, and allows it to keep happening.
- jpeterson 4y agoIf crypto has an "ethos", it's decentralization and departure from human institutions. The FTX fiasco is the opposite of that.
- rurp 4y agoWhat percent of crypto activity happens on centralized platforms. 90%? 95%? Whatever the precise number, it's really high. It's hard to argue that 95% of people in Scotland aren't true Scots.
- MacsHeadroom 4y agoAround 15%
- arise 4y agoIt's a two-faced ethos, praising decentralization and thumbing its nose at banks while simultaneously entrusting the bulk of its assets to entities that are strictly worse than banks.