I saw this post below on the blue app, and wanted to share some thoughts on it.
The collapse of FTX & Alameda is a black eye for crypto and is going to cause a lot of pain for a lot of people. The continued domino fall of these centralized platforms shows the deep need for strong decentralized systems.
As Cobie and Ledger live streamed the demise of the latest hero of crypto, I watched as in the next room over, 3 of the greatest contract devs I know furiously debated, as part of an audit of [redacted]. Behind me the @lensapi.lens backend & infra teams were attacking every whiteboard and glass window with expo markers detailing a new architecture that will help scale Lens several orders of magnitude. On Github, @lenster.lens one of the leading Lens applications that came out of our hackathon with @ethglobal.lens was trending. In Telegram, the Polygon Team along with devs across the Lensverse were analyzing the latest block data and working together to optimizing code to keep all apps and experiences running despite a chaotic gas environment.
There is going to be a lot of hurt over the next few weeks and months. Many people will lose funds, regulators will use this incident to enact stricter regulation. Yet, even still: @aaveaave.lens, Maker, Compound + DeFi were paid back first and continue to dutifully follow their smart contract code to provide open financial access to all. Uniswap & Seaport are still functioning, swapping tokens and NFTs without fail. ETH, Polygon, Arbitrum, Optimism and more are producing new blocks, filled with unstoppable decentralized computing for devs to utilize.
We are not done. Numbers may keep going down, mistakes will happen, more idols will fall. But the movement will continue, the devs will keep building. The decentralized future is coming, anon, like it or not.