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49 - Marco Wutzer: Up from Slavery

Watchman Privacy

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The Basic Problem With FTX

The FTX exchange is having some troubles to say the least. The problem with FTX is it's very important to distinguish that FTX is not crypto. It's basically an unregulated offshore shadow bank that did whatever it wanted. Even with this extreme drawdown and the complete chaos that resulted out of that, DeFi worked absolutely flawlessly.

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