FTX was not on a censorship resistant, trustless, globally synchronized ledger. They were a company that promised you they had your stuff on that ledger, but didn’t.
No one should hold funds on an exchange, that’s akin to a bank. These trustless ledger were built to provide a place to store assets WITHOUT trusting a bank.
No one can freeze my native assets held on one of these “blockchains”.
If you don’t understand the difference, I can get more technical.
FTX was not on a censorship resistant, trustless, globally synchronized ledger. They were a company that promised you they had your stuff on that ledger, but didn’t.
No one should hold funds on an exchange, that’s akin to a bank. These trustless ledger were built to provide a place to store assets WITHOUT trusting a bank.
No one can freeze my native assets held on one of these “blockchains”.
If you don’t understand the difference, I can get more technical.