Let’s exclude the bitcoin only argument for now
The events last week has really opened my eyes as well as others. While there have been a handful of defi hacks, the cataclysmic collapse of a top ten coin and a stable coin was devastating.
You can’t put money on exchanges for a lack of FDIC protection. Putting money in soft wallets has its own issues of potential hacks as well or the inevitable forgot/lost seed phrase.
I am fortunate that my savings are in a relatively save space but unless we get regulation, money will come from degenerative gamblers or drinking money. At a 2T dollar asset class, I don’t think that’s enough
After what happened with Luna, not sure how many corporations are really looking to jump into the crypto space.
So curious to what this Reddit thinks. Decentralization vs Regulation - do you have to pick one or is there an in between solution?
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