Counterpoint; a lot of these people are right wing, Alex Jones type listening nutjobs because that was where much of the original bitcoin hype was cultivated before the market legitimized it. So we ended up with all these libertarian psychos who lucked themselves into becoming millionaires and have been using that money to fund a lot of the more prominent white supremacist shit we've seen these past few years. I know a guy living it up in Bali who is exactly that and he's not alone in his background and beliefs.
I don't really disagree, I just think this is the wrong time to start celebrating. When it drops to under $100, so that we can be pretty sure even the Winklevosses are looking at a sea of red ink, then it's time to bust out the crabs. Right now, it's just the little people getting screwed.
Major exchanges going down has historically caused crashes, but temporary ones. There are two things that would truly destroy crypto as we currently know it: a technological problem being found in the protocol of at least Bitcoin if not others, and a general understanding and acceptance by the public of the complete uselessness of crypto for anything other than essentially scamming people.
A worm that stole a few billion dollars' worth of crypto from all over the Internet has the potential to hit both of those points, I suppose.
Counterpoint; a lot of these people are right wing, Alex Jones type listening nutjobs because that was where much of the original bitcoin hype was cultivated before the market legitimized it. So we ended up with all these libertarian psychos who lucked themselves into becoming millionaires and have been using that money to fund a lot of the more prominent white supremacist shit we've seen these past few years. I know a guy living it up in Bali who is exactly that and he's not alone in his background and beliefs.
The right-wing nutcases mostly got in years ago, unfortunately. Most of the people who are in crypto bought in in 2021.
But are the people who got in in 2021 the holders of the majority of the coin?
No, but the 40% is of the total number of people, not the total number of coins.
We're just gonna go back and forth. I mean, I feel for the little guys but to me that just means we need that percentage to be higher.
I don't really disagree, I just think this is the wrong time to start celebrating. When it drops to under $100, so that we can be pretty sure even the Winklevosses are looking at a sea of red ink, then it's time to bust out the crabs. Right now, it's just the little people getting screwed.
Fair, so how do we crash this shit for good? Attack the marketplaces? 💁♂️
Major exchanges going down has historically caused crashes, but temporary ones. There are two things that would truly destroy crypto as we currently know it: a technological problem being found in the protocol of at least Bitcoin if not others, and a general understanding and acceptance by the public of the complete uselessness of crypto for anything other than essentially scamming people.
A worm that stole a few billion dollars' worth of crypto from all over the Internet has the potential to hit both of those points, I suppose.
Sending my energy to our DPRK hacker comrades.