[mritchie712]

I'm guessing this is sarcasm? crypto.com is very very far from a single point of failure.

[boopboopbadoop]

They might be alluding to the removal of centralized authorities that would have otherwise been able to get that money back.

[capableweb]

The allude from my naive point of view is that n_time thinks we're lucky the network is decentralized and that users are spread out over various wallet software and services, so the impact of the issue was only related to a sub-section of the network as a whole. But I might just misunderstand the sarcasm or something.

[tsimionescu]

Well, traditional banking is much more decentralized in this sense, as there are many more banks than crypto exchanges, and the vast majority offer payment apps etc.

[dematz]

I assumed it's sarcastic, the point is even if the network is decentralized in practice people use centralized services.