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veen  ·  751 days ago  ·  link  ·    ·  parent  ·  post: Y'all we gotta talk about FTX.

I didn't realize how big and entangled FTX was. jeesus. Michael Lewis being involved is a breathtaking cherry on top of this formerly 32B-sized cake.

So here's my hope: this event will launch investigations, will shake up the US gov enough to pour more, not less, resources into regulating the crypto space. Ever since the ICO days has the pendulum swung towards more VC money, more centralization, less transparency. This event might be big enough to, on its own, swing the pendulum back towards more accessible, transparent and regulated version of crypto. On a scale from one to ten how naive/starry-eyed is this hope?