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But the biggest scandals had nothing to do with the "tech" - the tech at its core is exceedingly simple and the idea has been around forever. This isn't just "t
by JohnMakin 3y ago
But the biggest scandals had nothing to do with the "tech" - the tech at its core is exceedingly simple and the idea has been around forever. This isn't just "tech being tech," this is tech mixing with unregulated finance + hucksters. This isn't just some overvalued tech stock going to zero, its people losing their entire livelihoods and capital based on blatantly false or misleading promises.
- drcode 3y agoSimilarly, it's frustrating for many of us in crypto that things like the SBF/FTX meltdown is counted as a failure of crypto, when it was just a centralized traditional platform. It's hard for me to have too much sympathy for people that were parking a large amount of money at that place and trusting them with it. Who cares what "promises" they were making?