All the Crypto-implosions this year were due to centralized entities that technically are not really what crypto is supposed to be about.

This has definitely been the year of implosions, the year of crashes and the year of Crypto players completly dying out left and right just as a bear market should be. But the one thing that makes this bear market not too critical is for me, that all the factors that contributed to price-downturns were not crypto-internal factors.

We obviously have the bad macro-economy but also all the crypto companies that failed were not exactly crypto, they were all centralized and that was the reason they collapsed, let's take a few examples:

• LUNA/Terra the first crypto to collapse this year, there are a million reasons for that collapse but core ones are that Do Kwon and other executives were not playing right. UST was being printed out of thin air and they were just cashing out themselves. It was a big ponzi-scheme of a crypto controlled by a couple of poeple, that's centralized.

• 3AC, the crypto hedge fund collapsed due to the LUNA implosion and that because they clearly had roo much exposure and their former founders like Kyle Davies are still talking lies.

• Also most other players coming down due to LUNA like BlockFi had some centralized factors in play.

• And obviously we have FTX. You can not have a exchange more centralized and full of lies than this. SBF and Co were using all of your user funds to either lobby at the White House for themselves or buy penthouses.

The fact seems to be that most of the reasons we had a crash this year were centralited players killing themselves, which is good as the crypto playfield is being cleaned right now. The fundamentals of the real crypto have not changed a bit.