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There is an extrapolation happening here and I don’t think it’s appropriate. The vast majority of this was good, old-fashioned, old-timey fraud.

Yes and blockchain did absolutely nothing to prevent it. Even con artists depend on accurate accounting.

What the "industry" has yet to propose is doing anything to stop the rampant con artistry. It is deeply infused (as exemplified by FTX and a multitude of others, some yet to be revealed) and this is apparent with little "extrapolation" required.




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