[time_to_smile]

That still makes it ironic no? If the outcome of events at one of the largest crypto exchanges is "the opposite of what crypto’s original philosophy is" that's a textbook example of irony.

Back in the very early, more promising, days of crypto the standard critique of crypto was the common mantra "you can't use technology to solve social problems". I think we've had that objectively demonstrated multiple times now (and will continue to do so).

Though I do expect "No True Scotsman" to be a pretty favorite cry from the remaining crypto enthusiasts for quite awhile.

[ESTheComposer]

Pretty sure it originally had FTX and crypto flipped, which is why my reply made sense. At the moment, yes it’s ironic that this happens in crypto even though crypto’s main (and maybe only) strength is that it isn’t beholden to a centralized authority.