Submitted by ChocolateTsar t3_108bvuh in news
domino2064 t1_j3rfilj wrote
Reply to comment by lovely_sombrero in Coinbase to slash 20% of workforce in second major round of job cuts by ChocolateTsar
>The whole point of crypto (especially the exchanges) is just to take cash away from users and encourage more users to pour in actual $$$, get worthless tokens in exchange, while they run away with the $$$. Being mad at a few specific actors in the fraud chain just makes no sense, the problem is the fraud chain itself. Luna and FTX just happened to be the first big dominos to fall. Of course, there are smaller fraudtokens that fail constantly, and on purpose!
Oh I'm not mad at these specific players per se. I'm just glad that they fell, and fell hard in order to confirm and prove what actual, financial experts had been warning for many years, while the crypto cult screamed fud and sucked more people into, what is at best, an MLM and at worst, a Ponzi scheme.
[deleted] t1_j3rncbh wrote
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