Summary
TLDR: Despite bad actors like FTX, the cryptocurrency ecosystem remains antifragile due to interconnected building blocks like consensus, blockchain, cryptocurrency, and smart contracts. These Legos keep the system running even in the face of scams and fraud, showing that the core technology of crypto continues to work and evolve.
Key Points
1. Crypto has faced challenges and bad actors in recent years, but there have also been promising developments for pragmatic cryptocurrency users.
2. The concept of crypto’s antifragility is due to its interconnected building blocks, such as consensus, blockchain, cryptocurrency, and smart contracts, which work together to create a decentralized system.
3. Despite the presence of fraudulent actors in the crypto space, the core technologies like consensus, blockchain, cryptocurrency, and smart contracts have continued to function, demonstrating the resilience of the crypto ecosystem.