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by woah 1317 days ago
This has nothing to do with Bitcoin or not. Bitcoin was probably one of FTXs largest assets. Every cryptocurrency allows self custody, as this is core to the concept.
2 comments
RustyRussell 1317 days ago
Well, their largest asset was probably their own token. Once that went to zero, maybe it was Bitcoin, but I doubt it. Tether more likely.

Remember, this was a casino, not really an exchange.

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siftrics 1317 days ago
It has everything to do with Bitcoin.

If this was all done on-chain, users would have sole custody over their funds and no one else in the entire world, including SBF, would be able to move them or loan them out.

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vitiral 1317 days ago
Bitcoin supports a few transactions per second globally. Please explain how everything would be done on chain?
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zeven7 1317 days ago
It can't be done on Bitcoin.

It can be done on Ethereum.

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siftrics 1316 days ago
Yes, I know. I used the term Bitcoin as a syndoche for cryptocurrencies as a whole, because the parent commenter used the term Bitcoin.
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