An open letter to friends and family who are worried about the future of bitcoin due to the fiat business practices and subsequent collapse of FTX.
This is an opinion editorial by Heather Everdeen, a mother, Bitcoiner and lifelong learner.
Dear Friends and Family,
The thing I want you to understand about FTX is that these are fiat problems, not Bitcoin problems. Bitcoin is unaffected aside from its fiat currency exchange rate. The bitcoin price is impacted because of all the pressure on these exchanges and funds to sell their assets. Bitcoin is one of the most liquid assets there is; it’s easy to sell immediately when you have to. There is still a new block approximately every 10 minutes. Bitcoin keeps running, unaffected.
FTX was all about money, money laundering(?), power, corruption, trying to get U.S. regulation that benefits only those closest to the money printer. All while everyday people were chasing more empty fiat gains.
We cannot create a better world until we quit chasi
We współpracy z: https://bitcoinmagazine.com/culture/bitcoin-helps-users-avoid-the-downfall-of-ftx
