Although I also suffered significant losses in the LUNA incident, I am actually not interested in the disputes of that year.
From an overall industry perspective, SBF indeed injected a strong vitality into the cryptocurrency world.
Regardless of his personal rights or wrongs, his existence at least kept the cryptocurrency industry during that phase vibrant and imaginative.
But the question is, after experiencing the collapse of LUNA, the demise of FTX, countless liquidations and reorganizations, has the entire industry really fared better in the past few years than it did back then?
Look at the various tokens issued by “some life”, “friends”, and “former employees” that are hurriedly being listed on exchanges, while most tokens repeat the same script, launching and then plummeting to zero or being delisted.
If the collapse back then was a systemic disaster caused by blind confidence, then the current cycle seems more like an addiction to short-term traffic, and the entire industry has completely fallen into darkness.
Today, everyone is paying for the drama of that year, only this drama is a bit expensive and has a bit of a foul smell.