Quote from: Sayeds56 on December 08, 2022, 06:13:13 PM

Quote from: Dickiy on December 08, 2022, 05:09:20 PM

Quote from: Riodarvg on December 05, 2022, 02:34:51 AM

More problems arise due to human greed and lapses in financial management. Centralized exchanges are very risky. We should not trust any exchanges lightly. We should trust DEX more and store assets in personal wallets.
In the encryption industry, we must have more experience and ability to choose, and we must always remain vigilant and redouble our caution so as not to fall into more difficulties.

Sometimes people start with good intentions or don't cheat, they have very good plans to benefit others, but over time they get complacent and tempted by the amount of customer money they manage, and most of them are like that as real developers.
Of course the word "Be careful" will be a dilemma for people who lack knowledge about the world of DEX and CEX.

Quote from: Wong Goblog on December 03, 2022, 09:56:51 AM

Corruption and scam is currently very sad and makes many panic, many large projects have collapsed because of the greed of the developer so as to make the market drop, the Luna and FTX case makes the market continue to drop and we are certainly worried if there is the same case again so that it makes the market continue to continue dim and slowly die.

I am one of the people who was disappointed by the incident you are referring to, but after I re-read myself, it turns out that I, as an investor, made a mistake by joining them to entrust my money.
But on the other hand, I feel grateful that this happened, because with this I know the importance of DEX as a good storage tool and Bitcoin is the only one I have to buy.

The collapse of two big exchanges (FTX and LUNA) have exposed that how big risk we take when we put our hard-earned money in centralized exchanges where management is stealing investors' money by corrupt practices. These incidents have vindicated that decentralized exchanges are much safer because your funds are in your custody. I think in future we see huge interest in Ethereum based DEFI projects which are considered secure, and investors also get good returns.

yep, in the end, everyone started to learn and understand what made them who they are now including me, and I'm waiting for the next few days for the flow of funds in the centralized exchange market to expand to decentralized exchange. Ethereum? I'm sceptical about them.

Quote from: mvdheuvel1983 on December 08, 2022, 05:32:26 PM

When someone researches the people behind all of those crypto apps, they will see those companies are as crooked as the big banks trying to influence politics with their money. Sam is a typical example. News sources say he gave many millions to US Democrats and a few thousand secretly to US Republicans, but because he believed in climate change it was as almost swept under the carpet.

I don't know why SBF did that maybe to protect himself because he had committed massive corruption at FTX, but his stupidity in that action brought a tsunami that made the market worse off to this day, whether this was intentional to destroy the market or because of his stupidity in managing finances.