0 sats \ 0 replies \ @gunson 13 Nov 2022 \ on: Thoughts on FTX Collapse: fiat incentives, shitcoin games, and counterparty risk bitcoin
I’m surprised people are so surprised by this shit. Inevitable result of shitcoining and not staying humble.
Thanks for making the time to understand this and explain it, @ODELL
I’m optimistic this is the wake up call many need in order to try self-custody. I’ve got many friends here in the UK who just hold their Bitcoin on Revolut and think it’s inconceivable it could be lost or taken from them. This might be the time I’m finally successful getting them to pay attention and take action (if they haven’t already panic sold!).