Lemmchen, (edited )

That's actually a pretty good summary on Terra, Celsius and FTX.

Until I've seen this I wasn't aware of how exactly FTX collapsed.

shreddy_scientist,
@shreddy_scientist@lemmy.ml avatar

I dig Last Week Tonight but this segment, like most general current cryptocurrency outlooks, only focuses on the frauds. It's saying the crypto market is trash due to the scams. Sure, the scam aspects are infuriating as they generate negative connotations, but through due diligence in research the scams become vividly clear. The white papers for Bitcoin & Vechain are phenomenal. When comparing the white papers of Luna, Terra, Dogecoin or anything similar to BTC's or VET's, any investments made after seeing these differences are 100% on the investor.

ganymede, (edited )

yeah the over-emphasis of public hate which conflates the principles of cryptocurrency with the scammers, can only really benefit the existing financial power structures imo

unless i've misunderstood something...?

for sure the scammers need to be ridiculed, but scammers have been around probably since we lived in caves, if not earlier, so blaming crypto itself doesn't seem right.

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