FTX, Celsius, 3AC downfalls are victories for self-sovereign Bitcoiners

MarsColonist42
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FTX, Celsius, 3AC downfalls are victories for self-sovereign Bitcoiners

In 2017, large exchanges and miners argued that they should control the future of Bitcoin, not “hobbyists” running raspberry pi nodes. Given the shit show we’ve seen this year, everyone can see how destabilizing their victory would have been. The big exchanges will always operate under the dark shadow of Mt Gox; they are one in spirit with it, even though they claim not to be. They have proven time and time again they are irresponsible, risky, and contemptuous for their hard-working customers. The repeated collapse of these companies should be seen as vindication for self-sovereign Bitcoiners. I’ll take 10,000 raspberry pi’s, controlled by the people, any day over a handful of well-funded corporate blackboxes.