FTX was run by this kid who was making decisions. You couldn't trust them. It's the whole point of crypto is not to have to trust some kid to make valuable decisions on your money. The decentralized finance applications that you are referring to, they worked fine. So hopefully this is going to be a wake up call for everyone from individual users to even the big institutions that play in this world That it's time to double down on the actual decentralized corners of the industry that are trustless and resilient.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode