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"a crime" I'm surprised by 'DeFi' nerds who promoted cryptos to escape government interventions during bull markets, but who invoke state institutions like jus
by hinata08 4y ago
"a crime"
I'm surprised by 'DeFi' nerds who promoted cryptos to escape government interventions during bull markets, but who invoke state institutions like justice when they have lost everything.
Crypto wasn't dead to me until I saw that post.
I hope governments won't do any investigation into this, as it's what anyone who gave money to FTX invested for.
- baby 4y agoFTX isn’t DeFi. I think you’re conflating centralized entities building on top of crypto (which should be regulated the same way banks are due to multiple historical crisis created by shady banking) and DeFi which are much more transparent in how they operate (by design)
- dmix 4y agoNot all crypto people are 'crypto-anarchists'. That is a tiny fringe within a fringe (and FTX was hardly pushing that idea either) Even among the hardcore anti-government anarchists I doubt many of them saw it as anything but something they wanted in the distant future, not something that exists today.
- electic 4y agoFTX isn't DeFi. It is a centralized exchange, similar to a bank or a brokerage. DeFi, ironically, is the complete opposite of this.
- alwayseasy 4y agoI agree with the fact it's a CEX but he isn't wrong about people trusting a financial institution in the Bahamas and expecting the US Gov to do something now.