This interview did a good job of articulating the FTX fiasco in the most generally “spoken” manner. A deep dive into the concept of “decentralization” ambitions behind the crypto phenomena and its appeal to the average “Jane and Joe” would very helpful to the community. However, this was a nicely done simple synopsis - thank you! - A fellow crypto player
It is right explaining ! Shocking story about this happen . I am deaf trader and also investor . I hope the deaf people should be invest both the stock and crypto . It helps them to get good profits but the risk is high if you use good decision for investing !
Excellent interview. I watch the Dave Ramsey show on RU-vid. He has always said to stay away from crypto because it has no backing. He advises to get out of debt, stay out of debt, put your money in mutual funds and leave it there. (They have further advice, but this is the most pertinent to this topic.)
Exchanges should only be used to buy or sell your coins, not to hold them for you in their proprietary wallet. Crypto is high risk, so you should always have control of your private keys to your wallet. Educate yourself. Don’t Trust. Verify.
SEC and Regulatory should check on Crypto companies every time ( more like renewal yearly stay clean ) and the owner's background and criminal record than trust in themselves action not happen again like Sam ( FTX ) did, it should be the same as bank safety and sound. Suppose in the same situation in old western times or Saudi Arabia law, he could lose his life or cut his hand, leg, or feet. he is barely lucky ( his hair looks stupid unproferissional businessman ) but it wasn't the first time, I read about his history. Not just him many out there don't know what they are doing with a lot of money mind tempting. People never have a billion dollars experience of how they can handle it.
