Conversation
Notices
-
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Thursday, 01-Dec-2022 21:57:46 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} #FTX collapse was a crime not mismanagement or a "bank run"
https://www.coindesk.com/layer2/2022/11/30/ftxs-collapse-was-a-crime-not-an-accident/ [www coindesk com]-
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Friday, 02-Dec-2022 00:06:43 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} @gnu2 I think the issue is on-ramps. Most people get an account at an exchange in order to get involved in the #cryptocurrency space. It then takes extra steps to move all one's purchases into a self-custody wallet. Not to mention that there's a transaction cost for moving from one's exchange-custody wallet to one's self-custody wallet and a similar cost if one wants to move it back.
-