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in all fairness to crypto, the government did keep moving the goal post on what's legal or not. The banks fail and they get hauled in front of congress and yel
by sharemywin 4y ago
in all fairness to crypto, the government did keep moving the goal post on what's legal or not.
The banks fail and they get hauled in front of congress and yelled at. crypto currency fails and people are looking at jail time.
it's also hard to compete with the attention sucking economy of Web 2.0
- crop_rotation 4y agoHow are the failures comparable. FTX failed but not because of taking slightly bad risks, but because the founder kept treating money as his personal piggybank moving from FTX to Alameda freely. Using users funds for random personal projects. SBF was not doing innocent things. I don't think SVB did anything comparable to the lunacy of Terra/Luna or FTX.