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neffnet t1_iwp2v1j wrote

Reply to comment by CodsWhallop in FTX coach says executives were ‘UNDERSEXED’, denies rampant amphetamine use by Science_421

We is the global economy since a lot of people, businesses, and charities were using FTX for banking.

FTX was a Bahamian bank failure caused by fraud and ineffective regulations and, allegedly, SEC misconduct. Crypto fixes this, the idea is self-custody and being your own bank.

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MyDudeNak t1_iwtico7 wrote

You'd do a better job "being your own bank" by stuffing your mattress full of USD than you would buying crypto.

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neffnet t1_iwtkbsk wrote

Not talking about dog money... Protocols like Aave for securitized lending and borrowing, collateralized stable coins like sUSD and DAI for dollars, Alchemix for savings, banking the unbanked all over the world with no bankers getting paid.

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