{"id":36198,"date":"2022-11-25T13:10:17","date_gmt":"2022-11-25T13:10:17","guid":{"rendered":"http:\/\/egrowonline.com\/?p=36198"},"modified":"2022-11-25T13:10:17","modified_gmt":"2022-11-25T13:10:17","slug":"opinion-maybe-i-dont-understand-ftx-and-cryptocurrency-after-all","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=36198","title":{"rendered":"Opinion | Maybe I don&#8217;t understand FTX and cryptocurrency after all"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Yikes! I am starting to worry that I don\u2019t actually understand how cryptocurrency works! I sort of thought that if all the money disappeared, that was a sign that your encryption was working?<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">But I take it from how upset everybody is getting about the collapse of FTX and continuing aftershocks that \u2026 it is not supposed to do that? It is occurring to me now that some of the things about FTX that I thought were \u201ctotally fine, normal things that are always true\u201d might \u2026 not be?<\/p>\n<\/div>\n<\/div>\n<div data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">I am a bit embarrassed because I definitely thought I understood how cryptocurrency works, 100 percent. It was explained to me, and I said, \u201cSure! Of course!\u201d at all the intervals where that was called for, and I have never had it explained to me again \u2014 because I thought I understood, of course! Not simply because at that point I had said \u201cSure! Of course!\u201d so many times that to ask follow-ups would have shamed me.<\/p>\n<\/div>\n<div data-qa=\"article-body\">\n<p data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font--article-body font-copy gray-darkest ma-0 pb-md\">But now I have some other questions that I might as well get onto the table. Apologies if any of these are silly.<\/p>\n<\/div>\n<div data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Thanks! I promise I don\u2019t have any other questions, and I completely understand everything else that\u2019s going on with cryptocurrency! The Byzantine <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/blockchain-for-beginners\/how-does-blockchain-solve-the-byzantine-generals-problem\" rel=\"noopener\">generals<\/a>!<\/p>\n<\/div>\n<div data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Oh, one more thing, actually: Is this very good, invisible, costly fabric that I was also given to have made into the finest robes to show my commitment to <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/11\/17\/effective-altruism-sam-bankman-fried-ftx-crypto\/?itid=lk_inline_manual_18\" rel=\"noopener\">effective altruism<\/a> \u2026 nothing? Is it nothing? Please tell me if it\u2019s nothing.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiV2h0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS9vcGluaW9ucy8yMDIyLzExLzI1L2Z0eC1jcnlwdG9jdXJyZW5jeS1leHBsYWluZXItc2F0aXJlL9IBAA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yikes! I am starting to worry that I don\u2019t actually understand how cryptocurrency works! I sort of thought that if all the money disappeared, that was a sign that your encryption was working? But I take it from how upset everybody is getting about the collapse of FTX and continuing aftershocks that \u2026 it is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[52,155,2258,826,2869],"class_list":["post-36198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cryptocurrency","tag-dont","tag-ftx","tag-opinion","tag-understand"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/HIOS5CDLFEI63BQZBOJPAVSVSI.jpgw1440.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/36198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36198"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/36198\/revisions"}],"predecessor-version":[{"id":36200,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/36198\/revisions\/36200"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/36199"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36198"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}