Yes NFT/ticketing technology is legit but human greed and corporate mismanagement is not
And the first can't just completly solve the latter.
Greed will always be existent but we should try to minimize it the most.
NFTS are a key factor to bringing mainstream adoption for Cryptocurrency
Bullish on ecosystems with large NFT volumes ie ETH
Surely one of the key factors as they are already so well known.
But I hope it will be more the serious side of it going mainstream and not some money pics.
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FTX wasn't even able to tell who was working there and who wasn't.
Speaks a lot of volume on his own.
They had no overview there and just did not want any overview. It was all about stealing money from day one.
Incredible it stayed afloat as long as it did. Sounds like a complete shit show behind the scenes. I bet it’s a similar story with other exchanges we just aren’t aware, yet.
Surely. Most centralized entities are probably like that on the very upper levels as those poeple are just way too rich to care about us.
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Obviously they were not independent as somehow SBF comingled all the funds together.
The biggest and clear fraud to customers.
Please buy this bank and then immediately delete it.
Would be the real crypto Chad move.
That's just the very start.
Believe we will be getting a couple of generations per year now.
Ledger and Trezor sales are also up 300%
People are finally understanding it, only took billions of dollars in frauds…
Changpeng Zhao seems to be building up quite an image for himself after the FTX collapse as a very “trustable“ entity in crypto, even though he still did not release any data on liabilities with his Proof of Reverse which was not even legally conducted.
Now just forget all of this and have a throwback to much simpler times. Times when a $40M hack was seen as a lot, In the May of 2019 a hacker stole 7000 BTC from the exchange of CZ. He then immediately went on an AMA discussing the most stupid idea ever.
CZ wanted to rollback the bitcoin blockchain with a possible consensus from 51% of bitcoin miners to reverse the Bitcoin transactions until the hack and recover the funds, he even said to do this “in a few days“. Not only is this a complete delusion to happen but it also shows how CZ does not understand crypto. He wanted to reverse something that has immutability as one of its most important principles.
Here you can see the official article by CoinDesk from the 8th May of 2019:
There's really no need to trust CEXs, just go self custody and at least half of the problems will be solved.
its easy to say but FTX showed that even after us all spamming this lesson here no one listened.
partymsl
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