Quote from: jackg on November 09, 2022, 02:38:55 PM

Other exchanges that have collapsed in the past didn't take on debt or lose assets, they just "got hacked"

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True, very true--but aside from Mt. Gox's relative dominance, has there been a bigger collapse of an exchange?

As far as the "don't use a token you created as collateral" statement goes, I don't know whether to agree or disagree with that, because I don't think it matters so much who created a token used as collateral as it does the token's volatility and/or potential to drop like a stone if put under enough pressure. And frankly, using anything other than a stablecoin as collateral is extremely risky. Even bitcoin is notoriously volatile, and just look at what would have happened had you used it to secure a loan last month or even last week. Yikes.