The fall of Sam Bankman-Fried is crypto’s Enron moment
I don&#x27;t understand crypto (didn&#x27;t understand derivatives either). I have worried that my ignorance will cost me in investing — that people smarter than me are going to make bank while I&#x27;m derp-derping with my index funds.<p>Reading as others, apparently as ignorant as me, ask questions about crypto, etc. the in-crowd seem to get it, seem to understand it. I find that generally the case with anything monetary&#x2F;financial though: the people that do this complex stuff seem to understand it but seem unable to explain it in a way that someone as simple as me can understand.<p>In order to play the crypto game you have to learn this absurd set of rules. And there&#x27;s something about crypto though where the proponents almost revel in other&#x27;s ignorance. I&#x27;ve had a hard time deciding whether the proponents <i>really</i> understand it (and all of its nuances) or if pretending you understand it in fact part of the game.