With all the chaos over the last week with the SVB, Silvergate shutdown, and now USDC plus several other stables are off peg I think it is time to reflect on the greatest meme I have ever stolen. Leverage is fun but 99% of people have zero clue how to use it responsibly.
Even those running "exchanges". Many of these folks lack a business background thus have zero grasp of how effective risk management works. Theft is one thing which unfortunately happens as there are trash people who steal. However, losing substantial sums of money such that you become insolvent because you have a gambling problem which is entirely a personality problem.