2024

Coin

<ul class="news-points">
 <li><strong>Ava Labs CEO has highlighted the red flags to consider before investing in new L2 projects.</strong></li>
 <li><strong>According to Sirer, ignoring these red flags could lead to an outcome similar to the FTX collapse.</strong></li>
 <li><strong>Sirer explained crypto has just a few authentic blockers at a time and users should look out for them.</strong></li>
</ul>
<p>Emin Gun Sirer, CEO of Ava Labs, has highlighted the red flags users should consider before investing in new L2 projects in the upcoming cycle. According to Sirer, ignoring these red flags could lead to an outcome similar to what happened with Sam Bankman-Fried, whom many people followed based on superficial traits.</p>
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   <p lang="en" dir="ltr">Hey y'all,<br><br>We all ignored the huge red flags associated with SBF because "he looked smart" and "he made a lot of money." Then it turned out that he was dumb as rocks, was a sociopath, and was just stealing our money.<br><br>The next cycle is going to be even more noisy, with even…</p>— Emin Gün Sirer <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@el33th4xor) <a href="https://twitter.com/el33th4xor/status/1771658050228617428?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 23, 2024</a>
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<p>Sirer listed the red flags via a recent post on X, noting the absence of a narrative that matches the project tech as the first signal of unsustainability. For instance, he believes centralized sequencers and L2s that lack fraud proofs are unsus…</p>
<p>The post <a href="https://coinedition.com/how-to-avoid-another-sbf-experience-in-the-coming-l2-cycle-aval-labs-ceo/" rel="noopener noreferrer nofollow">How To Avoid Another SBF Experience In The Coming L2 Cycle – Aval Labs CEO</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

How To Avoid Another SBF Experience In The Coming L2 Cycle – Aval Labs CEO

Coin Edition

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