+++
date    = "2024-05-08T20:41:10+00:00"
lastmod = "2024-05-08T20:41:10+00:00"
tags    = [ "coins" ]
+++

Magic is indeed [real but strangely](/tdro/messages/coin/) selective?
[FTX's](https://en.wikipedia.org/wiki/FTX) conclusion is fascinatingly scary!
That was a joke for a friend, but it actually happened!

We definitely live in a scam world? The realization then (after much reading)
was that coin ecosystems operate exactly like current financial systems but with
[extreme incomprehensibility](https://www.web3isgoinggreat.com/).

I'm months behind my feeds, but the
[feast on FTX's carcass](https://web.archive.org/web/20240106014709/https://www.nytimes.com/2023/12/20/technology/crypto-trading-ftx-bankruptcy.html)
drives it home! The magic number is 1/3! Coins are very shady!