Duplicate of: <a href="https://news.ycombinator.com/item?id=31806191" rel="nofollow">https://news.ycombinator.com/item?id=31806191</a><p>There has been a lot of confusion about this - note that it has nothing to do with Solana.<p>Solend is a (badly designed, clearly) application running <i>on</i> Solana.
I’m pleased that the crypto meltdown is happening before the speculators convinced people to make it an actually significant part of the economy. Let us all see on display the failed promises of decentralization and deregulation.<p>The fact that it is even a question that an account needs to be taken over to save an entire currency from insolvency is proof that nobody should touch the stuff.<p>Until the SEC starts getting people put in prison, the entire crypto sphere should not be trusted by anybody.