I'm surprised by 'DeFi' nerds who promoted cryptos to escape government interventions during bull markets, but who invoke state institutions like justice when they have lost everything.
Crypto wasn't dead to me until I saw that post.
I hope governments won't do any investigation into this, as it's what anyone who gave money to FTX invested for.
Not all crypto people are 'crypto-anarchists'. That is a tiny fringe within a fringe (and FTX was hardly pushing that idea either)
Even among the hardcore anti-government anarchists I doubt many of them saw it as anything but something they wanted in the distant future, not something that exists today.
I agree with the fact it's a CEX but he isn't wrong about people trusting a financial institution in the Bahamas and expecting the US Gov to do something now.
FTX isn’t DeFi. I think you’re conflating centralized entities building on top of crypto (which should be regulated the same way banks are due to multiple historical crisis created by shady banking) and DeFi which are much more transparent in how they operate (by design)
I'm surprised by 'DeFi' nerds who promoted cryptos to escape government interventions during bull markets, but who invoke state institutions like justice when they have lost everything.
Crypto wasn't dead to me until I saw that post.
I hope governments won't do any investigation into this, as it's what anyone who gave money to FTX invested for.