Re:IRS Files $44B Claims Against Bankrupt FTX
by tombert on Thursday May 11, 2023 @04:06PM
(#35907703)
Yep, I replied in a sister comment [1], I am wholly turned off by cryptocurrency at this point.
I was kind of enamored with the tech behind blockchains (and to some extent I suppose I still kind of am), and saw the insane growth it was going through, and drank the stupid kool-ade.
Seeing it all go pear-shaped has really highlighted why we regulate banks in the way that we do. It's not perfect, but I sleep better knowing that an actually-insured bank won't really run away with my money.
I was kind of enamored with the tech behind blockchains (and to some extent I suppose I still kind of am), and saw the insane growth it was going through, and drank the stupid kool-ade.
Seeing it all go pear-shaped has really highlighted why we regulate banks in the way that we do. It's not perfect, but I sleep better knowing that an actually-insured bank won't really run away with my money.
[1] https://news.ycombinator.com/item?id=35907377