Discover and read the best of Twitter Threads about #ftxwithdrawal

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1/ Talk about #proofofreserves /liabilities/solvency as the solution to @FTX_Official misses the surrounding parts which could make crypto a viable alternative to the fiat system. Join as we journey through:

โ˜‘๏ธ Quality of reserves
๐Ÿ’ธ Capital &๐Ÿ’งliquidity
๐Ÿ’ฐ Collateral

#FTX
2/
๐Ÿงพ Transaction histories and ๐Ÿ’ณ Credit scores
๏ผ… Fractional banking
๐Ÿช™ New money creation

with a little bit of:

๐Ÿ†” @w3c Verifiable Credentials #W3C

to build consumer protection and stop this happening again๐Ÿ›‘. It's going to be a long one, strap in!

#FTXScandal
3/ Let's start with โ˜‘๏ธ Quality of Reserves. This is covered excellently by the @FT below so pulling out the key pieces from FTX ๐Ÿ‘‡



#cryptosignals #ftxbankruptcy #ftxwithdrawal
Read 32 tweets

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