How the bankruptcy of FTX, the world's third-largest crypto exchange, undermines trust in cryptocurrency and decentralized finance, making it even more difficult for crypto to ever be taken seriously as a monetary alternative.

Topics covered include:

How FTX squandered its customers' deposits
How FTX is another example of a private money bank run
How traditional securities lending works and why it is very low risk compared to the highly speculative nature of cryptocurrency lending platforms
How FTX's demise is impacting numerous entities including Voyager, BlockFi, Bitcoin miners, venture capitalists, and many others
How should individual investors store cryptocurrency, and does it even make sense to continue to own it