New blog on FTX & #defi

"The sparkling shimmer of regulation is much like that little light on the end of the angler fish, alluring not just to hapless victims... but also to those politicians, for in its glow they see themselves as saviors."

https://moneyandstate.com/blog/sophistry-and-the-savior

#FTX #SBF

Toward peace, markets, and Bitcoin. Founder of ShapeShift. 

Things have escalated quickly. Thank you for your service 🙏

Hard to disagree on much that you wrote.

One thought I keep having is that clear regulations or law updates must happen if we want to incentivize adoption. 

Serious institutional money will never get in big if everything is "grey area". 

What's a security? What's not? These questions must be answered.

How can we amplify this to the mainstream? We're going to be butchered and people just read headlines from biased media.

Thanks for all that you have done! It has definitely moved quickly and I am sure your life has been a lot more stressful over the last 2 weeks. 🙌