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what are the implications of the FTX failure on bitcoin and Bitcoin mining um Ill start I think that the uh the FTX failure is actually uh been a catalytic event uh and its been good for Bitcoin uh I think its really um highlighted the strengths of proof of work highlighted the strengths of a network based upon Bitcoin mining thats a commodity I think theres been a lot of confusion about the difference between proof of stake and proof of work and and tokens like ftt were based on on staking algorithms and and the like and they werent backed by energy so at the FTX failure has been uh um a very visible educational event thats educated an entire generation of lawmakers policy makers journalists and investors as to why Bitcoin is different than uh ftt or Terra or luna or serum or these other error tokens and it also really underscored the benefits of an asset you could take self-custody of without counterparty risk so so although its been painful for the industry I th