Friday, November 25, 2022

Opinion | Possibly I do not perceive FTX and cryptocurrency in spite of everything

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Yikes! I’m beginning to fear that I don’t truly perceive how cryptocurrency works! I form of thought that if all the cash disappeared, that was an indication that your encryption was working?

However I take it from how upset all people is getting concerning the collapse of FTX and persevering with aftershocks that … it’s not supposed to try this? It’s occurring to me now that a number of the issues about FTX that I assumed have been “completely positive, regular issues which might be all the time true” may … not be?

I’m a bit embarrassed as a result of I undoubtedly thought I understood how cryptocurrency works, 100%. It was defined to me, and I mentioned, “Certain! In fact!” in any respect the intervals the place that was known as for, and I’ve by no means had it defined to me once more — as a result of I assumed I understood, after all! Not just because at that time I had mentioned “Certain! In fact!” so many instances that to ask follow-ups would have shamed me.

However now I’ve another questions that I would as nicely get onto the desk. Apologies if any of those are foolish.

Thanks! I promise I don’t have some other questions, and I fully perceive every little thing else that’s occurring with cryptocurrency! The Byzantine generals!

Oh, yet another factor, truly: Is that this superb, invisible, pricey material that I used to be additionally given to have made into the best robes to indicate my dedication to efficient altruism … nothing? Is it nothing? Please inform me if it’s nothing.

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