This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.

I wrote earlier this year about how FTX rescuing other companies was not altruism, but rather good for business. I had no idea how essential for business it ended up being. It was their last desperate attempt at self preservation, ultimately before they crashed and burned in a full-blown liquidity crisis.

As I sit here absorbing all of the news surrounding FTX, I can’t help but be thankful for Bitcoiners deemed toxic by the cryptocurrency community writ large. It is none other than those toxic maxis like Matt Odell, Marty Bent and Cory Klippsten who got me off my ass to actually make positive steps to secure my stack and take self-custody.