But it's irresponsible for anyone sitting on that much cheddar to not play both sides as a hedge. Especially if you're active and fat in an industry with gubment regulation breathing down your neck.
Granted, SBF doesn't seem like he had enough of a clue to understand WHY you'd have a hedge in the first place. So I'll give you that.
My problem is this whole story fails the smell test. Not that I think Democrats deserve any defending, but this has the greasy aftertaste of just another polarization frame job. The EA guys couldn't give a crap what your politics were as long as you were slaves to future generations of post-human space aliens.
So normies is anyone who didnt get crypto scammed? You are right fund sovereignty is a big concern, what you are wrong about is that the answer is crypto.
Crypto is not the answer simply because you need a central agency to enforce its value. We can agree on crypto as a currency much the same way we can agree about traditional money. But the so called benefit of decentralizing it all makes it impossible to be trustworthy enough.
The underlying technology will become mainstream fast though. Blockchain is already implemented in real estate transactions. And just the other day I read about Alfa Romeo using it to prove the history of a car. It's only a matter of time before it finds its way to the financial system in a regulated way.
Incorrect. Normies are gen pop who use centralized platforms to onboard into crypto. They misconstrue these well marketed, simplified products as brokerage+bank account. They are the ones who get “scammed” when centralized platforms like BlockFi, FTX, Celsius, crypto dot com lose their funds.