Quote:
Originally Posted by jscott
Yup you're right.
Thing is, the more trust you put into centralized companies and people, the more risk you're taking in crypto.
Bitcoin is anti-trust (trustless), you trust math & protocol only when holding Bitcoin on cold storage.
Trust math. Don't trust these things:
and cannot ignore the connections:
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You are right about CEXs, not your keys, not your wallet. That's why I think DEXs are the future. I have been out of the market for some time, but started investing in DEXs lately
I like comparing all this situation with DOT com bubble back in ''00, when many companies got wiped out.
This is the cleaning crypto world needed.
The fact that is not regulated gives businesses a chance to do whatever they want with clients' funds + its way too overleveraged.
The recent events make me think about this Michael Burry's tweet
