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.
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.