On The Other Side cover image

62. Reviving trust in crypto w/ Ria Bhutoria

On The Other Side

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FTX - Is There a Level of Education Required?

I think there is kind of this natural pressure that centralized institutions are feeling. Without providing accountability without providing transparency and insight into whether these centralized exchanges have enough assets to cover the liabilities, they're just not going to succeed in attracting users. And I think it's just that so many more people are aware that there are ways to prevent this from happening again. The relative amount of value that was destroyed in the process with FTX versus Mount Gox is orders of magnitude higher. So all of those things are reasons why it will be different this time, combined with pressure from regulators,. To provide cryptographic proofs of reserve.

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