3min chapter

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#1143 Dave Collum | 2022 Was A Disaster Year

The Pomp Podcast

CHAPTER

The FTX Story Is Not a Crypto Story.

The FTX story is not a crypto story, it's a geopolitical story. I believe they have mechanisms to destroy you despite the total autonomy that you can achieve by holding your own keys and things like that. This is like all the banknotes in the United States from all the different banks across the country back in the mid 19th century. They all died. That's not to say Bitcoin dies or it's also not to say that you know which one will survive. But I do, during the FTX collapse, I did learn something about the difference between how Bitcoin works.

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