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> I’m going to predict that the crypto markets will suffer much more compared to even FTX How have the crypto markets suffered from FTX's collapses? There was
by ur-whale 4y ago
> I’m going to predict that the crypto markets will suffer much more compared to even FTX
How have the crypto markets suffered from FTX's collapses?
There was a temporary dip at best.
FTX and other exchanges are the very negation of what makes crypto interesting:
- centralized
- not transparent
- customer abandon custody of their money
Everything that something like FTX is (and all the Coinbases and Krakens of the world fall in the same category) is the exact antithesis of what crypto stands for.
Tether is an altogether different beast.
It's indeed very likely a scam, but it seems that it is filling such a huge and legitimate need in the market that has allowed it to survive for so long.