> In this case the damage will be limited to a bunch crypto companies. The issue before was it hit companies we relied on for things like mortgages and current accounts. Crypto companies can just be allowed to fail and no one except their users will be effected.
I don't buy the argument that crypto lives in a vacuum. People valuing that asset are part of the global economy.
The question is, is crypto really as valuable as the crypto exchange markets claim, and do companies assign face value to these assets, or do they account for the amount of risk they deserve?
