I think that the core scandal is massive fraud, not exchange failure. The base rate of the fraud is presumably lower (though idk the base rates—wouldn’t surprise me if in crypto the exchange failure rate was more like 30% and fraud rate was 5% − 5% failure seems crazy low)
The failure rate of crypto exchanges is like 5%. I think this was a really large risk.
I think that the core scandal is massive fraud, not exchange failure. The base rate of the fraud is presumably lower (though idk the base rates—wouldn’t surprise me if in crypto the exchange failure rate was more like 30% and fraud rate was 5% − 5% failure seems crazy low)
Yeah, but this ignores my question.
(For example, how many other things are there with a failure rate of like 5% and that would be very important if they failed, to EA?)