From a few days ago, something tremendous happened to the coin board.
There has been a bigger incident than the Luna crisis, and Korea has no direct link with Kwon Do-hyungas you can see
There doesn't seem to be much interest in preparation for the previous Luna crisis.
But in fact, more than a single coin ecosystem called Luna has collapsed,
The collapse of the FTX exchange, which existed as the world's third-largest exchange, becomes a bigger symbol and meaning.
Most of the stories on YouTube
Only Sam Bank was badly beaten when he was messing with Changfengjiao.
Chang Feng-jiao was just trying to scold him once, but he shook the coin board.
He is only making provocative comments that watch this kind of provocative fight.
But you need to understand the nature of the case before you can say who is wrong.
It is said that FTT coins, which are issued by FTX and have the same nature as stocks, are issued more than the issued amount.
It'll be more apparent later in the investigation
Most of FTX's assets are made up of FTT coins
It consists of other coins borrowed based on FTT coins.
This is accounting fraud and must be fraudulent.
It's not clear yet, and the charges will have to be brought to light in future trials, but...
The first thing you have to think about is
What is a coin? The definition of must be considered.
Why did the blockchain come into existence in the first place?
What did we want to do with this technology?
Flat money issued at random by central banks and existing finance to deceive the public and for their own profits and influence.
The result of agonizing over it to prevent it is Bitcoin and blockchain.
Something that no one can tamper with, that cannot be controlled by someone's influence.
Building trust through the system, not through trust through credit, based on that.
Anyone can use finance if they understand the rules and the system, even those who have not previously had no credit.
The purpose is to prevent finance that elites use only for themselves.
It contains the dream of creating a system-based society, not a credit-based society.
The very technology is blockchain and coin.
There are so many crooks among those who issue coins.
They can do this with this if they highlight the technical advantages of this coin!!!
It says.
At the same time, they only look at coins as a tool to double their profits.
Of course, water is one thing
Some people can use it for purification, some people can use it for drinking, and some people can use it as an ingredient for drugs.
No matter what is created with good intentions, others can use it as a tool for evil.
It's the FTX situation, it's the same with WeMade's handling of WeMix
They are only thinking about making their own money through a technology called coin.
I don't think about why the technology called coin was born or what its spirit is.
So Sam Bankman lobbied to regulate Diffie and tried to legislate in the United States
Many people in the existing Crypto Scene, including Chang Feng Zhao, hated him.
I didn't push out FTX, the fast-growing competitor
Only FTX and Sam Bank were undermining and exploiting the spirit of Bitcoin and blockchain, so this situation even spread.
They committed misconduct, went bankrupt and made good victims.
It is a problem of a different nature from the collapse of the Luna crisis algorithm.
It is a completely different matter from being broken down due to lack of ability to operate well and being caught in a system that has been broken by illegality and abuse.
I think the FTX situation is necessary in the long run for Crypto Scene.
This plate is seen as a process of purification so that it does not become a dirty plate like the existing financial sector.
They are not interested in coin spirit or decentralization, even if they see the Wemade and WeMix incidents repeatedly.
It's just making money using the coin system and attention.
It's just a ride because it's hot.
I am not thinking about decentralization and future systems.
Such a company cannot be loved by consumers.
There is a need for a system that can be better filtered out by countless other crooks
Governments in each country refer to that and quickly create regulatory proposals
It should open the way for blockchain to be used with good will, not abuse.
There is a need for a way that con artists can no longer get their feet on this board.
The manure network should be considered systematically as well as the regulations of governments in each country.
The sovereignty of each country is limited
There are too many holes in the global crypto scene.
Like vaccine companies that catch the virus
We need a watch system that can systematically check errors and observe coins.
And so that the watch system can operate normally for a long time
We're going to push back 0.001% of all the other chains' fees, or we're going to build a coalition
Blockchain linked to the federation is subject to regulation and inspection by the system
Instead, I hope there will be a virtuous cycle structure in which consumers can trust and use the chain belonging to the association.
It seems that the necessary timing has come for something like a coalition of transnational crypto chains.
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