Bankless 2022's Biggest Crypto Moments
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Dec 14, 2022 Reflecting on 2022, the hosts discuss both devastating and uplifting moments in crypto. They tackle major mishaps like the FTX collapse, Tornado Cash sanctions, and security breaches. Yet, they also celebrate the community’s resilience and innovative steps, like Ethereum's upgrade to proof of stake. The impact of crypto donations to Ukraine and the rise of Layer 2 solutions are highlighted. With humor, they dissect the industry’s heroes and villains, offering crucial lessons from a turbulent year.
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Terra Luna Debate Backlash
- Weeks before the Terra Luna collapse, Bankless hosted a debate about its potential.
- The ensuing backlash from the "lunatic community" highlighted the fervor around Luna.
Cross-Chain Bridge Insecurity
- Insecure cross-chain bridges pose a major challenge to a multi-chain future.
- The Ronin and Wormhole hacks emphasize the need for better solutions than one-off bridges.
Exchange Hygiene
- Use exchanges like public bathrooms: get in, do your business, and get out.
- Don't store funds or engage in complex activities on exchanges, reinforcing "not your keys, not your coins."