Do yourself a favor: ignore all the retrospective posts about SBF, his character flaws or whatever else made him do what he did. Anyone can draw a bullseye around a target once the arrow was shot.

Instead focus on those who had the courage to speak up in real time.

Although the terrible news about FTX has been front and center this past week, let's not forget the other terrible news which came out just before the FTX bombshell hit, namely, the SEC v. LBRY decision.

I finally got a chance to write more about it here (spoiler alert - IT'S REALLY REALLY BAD for crypto):

https://gulovsen.io/crypto-law-update-the-lbry-decision/

"self-regulation" in crypto means industry/thought leaders calling out scams, ponzis & risky/non-transparent projects.

If we're unwilling or unable to do so we have no one to blame when much of society thinks that crypto is all a scam.

Yes, we want a free & trustless system, but that has to be coupled with a strong social layer ("Layer Zero") that works to protect users from scams.

If we don't do it government will, on it's own terms and for it's own purposes, and it's not going to be pretty.