[pototo666]

FTX's failure is hardly Crypto's failure. FTX is a centralized exchange. Crypto, at least when it was created, is/was against centralization.

But yes, cryto industry is much more centralized than before. Centralization without regulation is the root of all evils.

We don't need deep tech understanding of Cryto to know that centralization without regulation is problematic. History of finance has proven it again and again and again.

Those who trusted FTX are either dumb or greedy. Perhaps both.

As a crypto adopter, the best we can do is:

1. Stay away from unregulated centralized company like FTX, Binance, Tether, etc. 2. Stay dicentralized.