YourCryptoDoctor on Nostr: If FTX, Voyager, and Celsius had actually custodied the bitcoin they were supposed to ...
If FTX, Voyager, and Celsius had actually custodied the bitcoin they were supposed to have on their books, I think Plan B’s original model probably would have held.
Those criminal enterprises may have ‘reset’ the S2F model back a cycle because of the demand they absorbed.
The SEC denial of a spot bitcoin ETF kept the barrier high for new people to come into bitcoin.
The paper bitcoin fraud at the bankrupt companies stole from people who had already purchased bitcoin.
The first is annoying.
The second is evil.
Many people around the world (myself included) had a very painful NYKNYC lesson.
It set us back both financially and emotionally.
Time will heal these wounds.
It is my sincere hope that no one suffers loss from trusting counterparties going forward.
Innovations in self-custody continue, and new Bitcoiners also have the opportunity to learn from the mistakes of the past.
We also need to hold the criminals accountable for their past deeds.
It is mind-boggling to me that people from these companies as well as Terra and 3AC are not already being prosecuted. Not only that, the 3AC bros are raising money for a new venture!?
We need to do better than this.
Those criminal enterprises may have ‘reset’ the S2F model back a cycle because of the demand they absorbed.
The SEC denial of a spot bitcoin ETF kept the barrier high for new people to come into bitcoin.
The paper bitcoin fraud at the bankrupt companies stole from people who had already purchased bitcoin.
The first is annoying.
The second is evil.
Many people around the world (myself included) had a very painful NYKNYC lesson.
It set us back both financially and emotionally.
Time will heal these wounds.
It is my sincere hope that no one suffers loss from trusting counterparties going forward.
Innovations in self-custody continue, and new Bitcoiners also have the opportunity to learn from the mistakes of the past.
We also need to hold the criminals accountable for their past deeds.
It is mind-boggling to me that people from these companies as well as Terra and 3AC are not already being prosecuted. Not only that, the 3AC bros are raising money for a new venture!?
We need to do better than this.