LogFAQs > #969414800

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Topic	"Web3 is the future!" (FTX scandal)
Yellow 11/14/22 2:45:26 AM #15:	Anyway, what FTX did, Binance does the exact same thing. They are a ticking time bomb as well, and when that happens... well, they are currently 8 times bigger than FTX ever was. Then there's USDT, the same situation where a CEO is shamelessly sticking their hand in the cookie jar, so not even DEFI is safe from this. Eventually, all cryptos should meet their price correction to reach their true valuation, which is $0, the exact value of the service they provide. Can't even safely provide a proxy for the US dollar. <cite>Yellow posted [p:969414800] in "Web3... [t:80231683]...</cite> <quote>Anyway, what FTX did, Binance does the exact same thing. They are a ticking time bomb as well, and when that happens... well, they are currently 8 times bigger than FTX ever was.Then there's USDT, the same situation where a CEO is shamelessly sticking their hand in the cookie jar, so not even DEFI is safe from this. Eventually, all cryptos should meet their price correction to reach their true valuation, which is $0, the exact value of the service they provide. Can't even safely provide a proxy for the US dollar.</quote> ... Copied to Clipboard!
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