[ninepoints]

It's almost as if the unregulated anti-establishment ethos of crypto allowed this to happen, and allows it to keep happening.

[jpeterson]

If crypto has an "ethos", it's decentralization and departure from human institutions. The FTX fiasco is the opposite of that.

[rurp]

What percent of crypto activity happens on centralized platforms. 90%? 95%? Whatever the precise number, it's really high.

It's hard to argue that 95% of people in Scotland aren't true Scots.

[MacsHeadroom]

Around 15%

[arise]

It's a two-faced ethos, praising decentralization and thumbing its nose at banks while simultaneously entrusting the bulk of its assets to entities that are strictly worse than banks.