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SBF
@SBF_FTX
biggest things here aren't making sure no one ever goes under--it's making sure: 1) it's not to unsuspecting retail 2) risks properly disclosed 3) no contagion this basically means -- it's one thing to have insto <> insto credit, but another to have deceptive credit vs retail
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Bearica Wall 🇧🇸
@ercwl
How do we as an industry—apart from staying clear from undercollateralized algostables—best ensure that a 3AC moment does not happen again?
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allen.earth.eth 🦇🔊
@0xAllen_
Replying to
@SBF_FTX
Don't the markets regulate themselves? Socially we can do the same. Bad and irresponsible players get rekt. The chains provide the transparency needed.
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Be3z
@Sonny_Beez
Replying to
@SBF_FTX
and
@0xAllen_
Transparency can only do so much when retail cannot (and I suspect a lot of non retail as well) cannot bring the txns together into an understandable set of financials or data set. While data is all there, it’s incomprehensible for most and too high a bar for mass adoption
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Amo
@bodhizaf
Replying to
@degengambleh
@SBF_FTX
and
@0xAllen_
TradFi is the same all days long...look at the GFC, march 2020 treasuries blow up or more recently the Bill Hwang issue from 2021, he went belly up with over-leverage, false disclosure to other market participant and banks lost billions in the process..
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