Trustless

It’s been a bummer summer for crypto. Flagship coins Bitcoin and Ether are at multiyear lows, while lesser coins barrel to zero. Luna went from a market capitalization of $34 billion (“market” and “capitalization” are becoming misnomers for crypto) to worthless in a matter of days.

 
Last week, crypto lending platform Celsius announced it was pausing all withdrawals and transfers between accounts. The company that told us to “unbank yourself” because “banking is broken” broke. (Pro tip: CEOs shitposting with their T-shirts are likely not great fiduciaries.)

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Πηγή: profgalloway.com