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If crypto has an "ethos", it's decentralization and departure from human institutions. The FTX fiasco is the opposite of that.
by jpeterson 4y ago
If crypto has an "ethos", it's decentralization and departure from human institutions. The FTX fiasco is the opposite of that.
- rurp 4y agoWhat percent of crypto activity happens on centralized platforms. 90%? 95%? Whatever the precise number, it's really high. It's hard to argue that 95% of people in Scotland aren't true Scots.
- MacsHeadroom 4y agoAround 15%
- arise 4y agoIt's a two-faced ethos, praising decentralization and thumbing its nose at banks while simultaneously entrusting the bulk of its assets to entities that are strictly worse than banks.