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JPMorgan: “crypto collapses have been from centralized players not protocols”

13 pointsby gasullover 2 years ago

6 comments

lost_touristover 2 years ago
I think we'll find there is just a vast collective shrug from banks, traditional finance, and the stock market as a whole while crypto implodes.
raydiatianover 2 years ago
Everytime Bitcoin-related noise happens, I always ask myself “is it because the protocol is unsound” and the answer is rarely yes. The biggest problem with Bitcoin, one man’s opinion, is that the value of money is really tied to the governments and economies that back it, and so you’ve got to have societal revolution to endorse Bitcoin over the status quo(s).
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europeanguyover 2 years ago
JPMorgan are starting to sound like they're keeping their collateral in dogecoin or something.
TopTheThaiGuyover 2 years ago
imo, we should improve the protocol to better penalize bad actors. I'm thinking, through the governance structure of the protocol or the incentive structure that truly decentralized and self-govern. I'm probably dreaming...
bediger4000over 2 years ago
This headline strikes me as a "No True Scotsman" sort of thing.
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giantdudeover 2 years ago
Someone robbed a bank. Gee, I guess the currency is not sound.
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