I agree. All losses should be equally spread between all customers.
Yesss, Simon is on it!!!
https://youtu.be/RoxDg_dX4l8 Quite good video to watch.
This gives me some hope that we're not entirely screwed. Although we're talking billions of $$ under Celsius vs millions lost during bitfinex. It's several times bigger in magnitude.
In my opinion, that’s The Kool-Aid
Indeed but recovery can take multiple forms. Perhaps a hybrid with a mix of different methods besides the bitfinex way.
This looks a very acceptable way forward. I Just Want My Life Back On Track, and if I stand a chance of getting my Tokens or Equivalent Value back over a predefined period of Time, Then I'm All In 100% Plus the possible support of BNKtotheFuture would give me peace of mind that I won't suffer TOTAL LOSS... 😪 Can We All Watch The Simon Dixon - BNKtotheFuture Video and give Your Feedback Opinions... Please help us all find the best way forward... Thank You 🙏🏾
One of the ethoos by Simon is that we can't rely on Traditional Finance to help or grow... CryptoFi has to help CryptoFi So, all the best and wish he will succeed.
There is a chance of raising liquidity still, small but there is. To recover Celsius will have to change drastically the business model, considering they will be able to operate, and create more revenue streams. - start making serious risk management. - charge withdrawal gas after one or two withdrawals or all withdrawals. - decrease the rewards to acceptable realistic levels. And cut the reward illusion currently. - have some sort of small spread to swap.
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