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I'm not a crypto user so I may not understand the ramifications, but while I can see why "imminent death of crypto" headlines seem like clickbait, is it fair to

I'm not a crypto user so I may not understand the ramifications, but while I can see why "imminent death of crypto" headlines seem like clickbait, is it fair to say that this is the end of the crypto exchanges? This is the end of the your average Joe investing in crypto because they saw a cool ad during the Super Bowl? I could understand how that would translate to "gone" in the practical sense. There will still be the true believers and get-rich-quick believers and criminals, but it will be completely out of the public's view. No more ads and stadiums and F1 sponsorships.

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TacticalCoder 4y ago
> ... is it fair to say that this is the end of the crypto exchanges? I think it's fair to say that exchanges and websites promising 8% or 15% year-on-year returns are done. They're not coming back any time soon. They'll now be called out by everybody. And probably legislated out of existence too. But the end of Coinbase? Coinbase seems legit. Sadly for them the very bank they're using, Silvergate (ticker SI), may be a goner. So USDCs emitted by Coinbase may or may not be worthless (and moreover seizable by the state to bail out Coinbase investors before Coinbase customers). I'd like to see how exposed to Silvergate Coinbase is. I hope Bitfinex dies a painful death. I hope Binance crashes and burn. I hope every single exchange accepting USDTs falls. But I do hope Coinbase, a HN unicorn, survives.