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> By that logic should we assume that every crypto company who don't do audits that meet your standards is "fucked"? Yes, this is in fact the rationale approac
by snowwrestler 4y ago
> By that logic should we assume that every crypto company who don't do audits that meet your standards is "fucked"?
Yes, this is in fact the rationale approach to financial institutions. It is why solidly-run companies invest in audits: to demonstrate, on a regular basis, that they are solvent and stable (not fucked).
- gwn7 4y agoLook, I actually agree with the core of your argument. No / bad audits are a red flag to me too. I'm just saying that using the word "fucked" still is speculative and an overstatement. I would use "untrustworthy", "shady", "dangerous" etc, but not "fucked". That's all I'm saying.
- snowwrestler 4y agoThat's a fair response, makes sense. Thanks.