Post
Topic
Board Economics
Re: Corrupt people in crypto
by
Casdinyard
on 11/12/2022, 17:27:38 UTC
A lot of bad incidences happened in crypto community this year including:

1) FTX
2) Luna
3) Gemini Earn
4) Celcius
5) Voyager
6)BlockFi

All these incidences happened because of the greed of some people. It is important to control the entry of these kind of people as developers or people behind some new crypto projects. Otherwise people will have very less trust left on crypto in general and people will move to other alternatives. What do you think are the required steps to prevent these incidences from occurring in future ? Or are these unavoidable ?
It is worth noting that these people in their earlier appearances wouldn't be mistaken for a scammer. They are very eloquent, smart-spoken, and they really sound like they know what they are doing, so it just goes to show how hard it would be to discern which people or entities are trustworthy or not especially in an industry like this where people thrives from the trust of others in one way or another. The flak that cryptocurrency is receiving right now is completely warranted and deserving, but that doesn't mean we couldn't bounce back and better the industry for the years to come. It's just a bad day, not a bad life,  as they say. Less focusing on things you cannot control, and more focus on the things that you could.