Do you think the collapse of FTX is good or bad for the blockchain ecosystem?

Thinking about this in the long-term. A lot of people joined crypto last year and trusted centralized exchanges. The CEX with the biggest political and press backing turned out to be one of the biggest frauds in history. Obviously, this hurts us. The press is having a field day blaming crypto – "get out while you still can!"

Thoughts:

– This is free advertising for the value of decentralization for anyone who is still active

– This may lead to a renewed push for open and decentralized protocols for next cycle

– Lots of people who got burned may never return, or not for years

– It's likely to be ammunition for regulations

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I'd love to hear what your thoughts on how FTX collapse is good or bad for crypto/blockchain in the long run <3