[JeremyNT]

> The decentralized aspects of crypto ("defi") has been operating just fine through this entire shit-show.

There's a reason that exchanges like FTX are central to "crypto" as a practical matter, regardless of the technical underpinnings of crypto itself. These things are required to facilitate speculation and attract users who otherwise would be capable of interacting with the actual distributed stuff.

Without the much needed fiat currency of this class of users, the pyramids couldn't have been built nearly so high.