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It’s embarrassing. Absolutely catastrophically unacceptable.
Not that FTX failed, that was a given – it’s shocking that these “smart” execs and prognosticators won’t just admit that cryptocurrency is designed to do this, it’s built to steal money from suckers and vanish! It’s doing exactly what it’s supposed to do!
Anyone telling you otherwise is in on the scam.
Cryptocurrency has never been “backed” by anything tangible. For those reasons I’m out.