There’s one important lesson that is pretty obvious in retrospect and that I can say with total confidence will not be learned- David Schwartz.
An unprecedented event in the crypto market has shaken the market and created a wide variety of opinions about FTX collapse. Chief Technical Officer Ripple David Schwartz shared his thoughts on the collapse of the FTX exchange.
While stating that everyone should learn several lessons from the FTX collapse noted that “There’s one important lesson that is pretty obvious in retrospect and that I can say with total confidence will not be learned.”
There are a few lessons that should be learned from the FTX fiasco, but there’s one important lesson that is really pretty obvious in retrospect and that I can say with total confidence will not be learned. 1/4
— David „JoelKatz” Schwartz (@JoelKatz) November 22, 2022
Schwartz elaborated that ” If you hold billions of dollars of other people’s money for indefinite periods, the tempta
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