I don’t know about all of you here, but these SVB, Stablecoins and Silvergate implosions are just further proof that Centralized systems in Finance are just prone to such disasters and that we need strong DeFi more than ever.

All the mess and drama in this Bear Market is caused by highly centralized systems from Blockchain/Crypto driven projects that reached a point of implosion and in many cases these events are triggered by immense greed from individuals.

All the big events in 2022, starting from the first major Stablecoin and crypto implosion orchestrated by a fugitive called Do Kwon, up to the events following that such as Celsius collapse and the mega FTX collapse that shock the centralized crypto space, are just additional proof that the true world of cryptocurrency and its movement is the world of decentralization.

The constant FUD surrounding cryptocurrency is basically caused by former Wall Street crooks and other individuals operating in a highly unregulated market that is often driven by artificial hype backed by some strong capital dedicated to Marketing.

This is not the world of cryptocurrency I want to have and experience, and as some of you, one of the main reasons why I even joined cryptocurrency is because of decentralization and not having a greedy middleman in between that is gambling with my own hard earned money.

Most of you didn’t experience the infamous 2008 crash, and the main actors of that crash are today here backing up crypto projects with the one and only goal to milk as much out as possible, when things hit the fan, GTFO with no consequences.

I don’t really care much about these types of projects in the first place, I never wanted to invest anything into them, but just the fact what massive adoption and capital these projects received is concerning and it leaves a bad taste for potential newcomers into this space.

Decentralization is for me the only way forward because it will take years and years before centralized crypto markets get regulated to an extend that can at least prevent a part of these implosions. Even after that, I really don’t believe centralization is the way forward, and I have much more trust in DeFi.