4 ms·

Every owner eats a tiny bit of it with the downward pressure on value caused by the artificially increased supply. Also, decreased trust reduces demand pressure

Every owner eats a tiny bit of it with the downward pressure on value caused by the artificially increased supply. Also, decreased trust reduces demand pressure further lowering value for everyone.

brilliantcode 10y ago
"In a decentralized economy, one person's mistake must be distributed to the collective." Hackers rob the mortgage downpayment you made with Bitcoin, said platform gives everybody an haircut because platform provider won't take responsibility and claim it's the cost of decentralization without really understanding the responsibility of the platform still falls upon the main facilitator. What a great new thing decentralized economy is, everyone will be dying to get in on the action!
oh_sigh 10y ago
It's not really a tiny bit... ~30% of the networks value was fabricated.
- alvarosevilla95 10y ago
  And every coin owner took a tiny bit of that loss.
  - Tepix 10y ago
    The currency is down more than 12%.
    - maxamar 10y ago
      So they've made 18% value huh?
  - hueving 10y ago
    I wouldn't call 30% a tiny bit. The presence of 30% more coins robbed everyone 30% the value of their holdings via dilution.