FTX was created to not help anybody, not serve a function, not be fair, and give nothing back. It existed only to feed itself. And yet people were going crazy over it, they shilled it to the moon.
And those shillers seemed to fall into 3 camps:
1- Insiders with ownership 2- People paid to hype by #1 3- People who fell for #2
Name anything FTX did better than Coinbase?? Nothing. And if FTX had succeeded, the space would have shitty regulation geared to protect FTX itself.
Iβve been in this space for 2 years, and Iβve never been rug pulled or had a coin taken from me, so maybe Iβm not being as compassionate as some others here. It seems pretty simple though, put your coins on your ledger, never buy exchange coins (FTT binance coin), and only buy if it serves a function, even a tiny function.
Now people are doubling down on Solana, the cousin with benefits of FTX. Once again, seems to fall into three categories:
1- Pre ICO holders, and boy do they have an enormous bag of coins they paid $0 for (70% of the coins is that right??) 2- People paid by those people 3- moonboys falling for it
And it looks like the exact same group of people who were hyping FTX
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