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A comment on SBF Is Headed to Prison but FTX Will Haunt the Crypto Community for Years. Parent comment

Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by poisonborz on Sunday November 05, 2023 @03:13AM (#38149281)
If it has any worth (and I mean the banking angle of blockchains), it will recover with regulation/technology X, which is the good burden of making all of FTX's misdeeds impossible. If this arguably massive effort is not taken by key players, then all those resources are better spent elsewhere.
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Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by kodapoda on Sunday November 05, 2023 @01:11PM (#38153790)
The only future for that I can think of is state or large institution owned stablecoins. But that is so far removed from absolutely everything crypto and web3 promised, I wouldn't even put that in the same category. No public ledger, not decentralized, not an alternative to banking, etc. I still don't understand the difference between having $10 in PayPal vs having 10$ in PYUSD.
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Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by justapassenger on Sunday November 05, 2023 @06:30PM (#38156875)
It’s much easier for the owner of PYUSD to inflate their assets and be insolvent without customers knowing about it. That’s it.
[ Parent | on HN ]