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My opinion is that this drop is going to strengthen cryptocurrencies/tokens as a whole. There are a number of things that have happened leading to this drop si

My opinion is that this drop is going to strengthen cryptocurrencies/tokens as a whole. There are a number of things that have happened leading to this drop since the high the first week in Jan. Some of the most recent: - Tether auditor quits/is fired. - It is revealed that Tether may have manufactured $1B worth of Tether, which it sold for Bitcoin on Bitfinex, leading to much of the gain in Bitcoin. - SEC investigating several recent ICOs, they were nothing but scams. - China is restricting access to non-Chinese exchanges. - Similar restrictions in Korea. - Stripe drops support for Bitcoin. [edit] - Bitcoin settlement times and transaction fees are skyrocketing. - Credit card companies no longer letting you buy cryptocurrencies. And those are just off the top of my head. Businesses and governments are still trying to figure this all out. Once they do, cryptocurrencies will come out stronger because they've negotiated this and have answers for these questions, or the weak ones have died off because of it. Much like the SCO lawsuit being good for Linux. For a white it was a lot of drama and fear, but in the end Linux came out stronger because it had been through it. IMHO.

therein 9y ago
> - Square drops support for Bitcoin. You're thinking of Stripe. Square is announcing their plans to use Bitcoin in their cash app.
- linsomniac 9y ago
  Indeed, thanks!
ansible 9y ago
Much like the SCO lawsuit being good for Linux. For a white it was a lot of drama and fear, but in the end Linux came out stronger because it had been through it. I have to disagree with this. If SCO actually had been arguing something interesting from a legal point of view, Linux (RH, IBM, Novell, etc. in this case) would have then had a more solid legal foundation. If, for example, this had been a case about GPL enforcement. However, SCO spent a long, long time obfuscating what exactly they were arguing about. They spent a long time (and lots of resources) trying to just wear down the defendants and get them to settle. When finally distilled by the totally awesome Judge Kimball and the defense teams, what was truly left was a small pile of crap, from a legal point of view. It did nothing to set precedents going forward, and we (as a society) didn't end up learning anything of value, other than that BSF (the main law firm for SCO) was morally bankrupt.
tome 9y ago
So you're saying cryptocurrencies would have been weaker if the opposite of all those things had happened? That's hard to imagine
tome 9y ago
So you're saying cryptocurrencies would have been weaker if the opposite of all those things had happened. That's hard to imagine.

therein 9y ago

> - Square drops support for Bitcoin. You're thinking of Stripe. Square is announcing their plans to use Bitcoin in their cash app.

linsomniac 9y ago
Indeed, thanks!

ansible 9y ago

Much like the SCO lawsuit being good for Linux. For a white it was a lot of drama and fear, but in the end Linux came out stronger because it had been through it. I have to disagree with this. If SCO actually had been arguing something interesting from a legal point of view, Linux (RH, IBM, Novell, etc. in this case) would have then had a more solid legal foundation. If, for example, this had been a case about GPL enforcement. However, SCO spent a long, long time obfuscating what exactly they were arguing about. They spent a long time (and lots of resources) trying to just wear down the defendants and get them to settle. When finally distilled by the totally awesome Judge Kimball and the defense teams, what was truly left was a small pile of crap, from a legal point of view. It did nothing to set precedents going forward, and we (as a society) didn't end up learning anything of value, other than that BSF (the main law firm for SCO) was morally bankrupt.

tome 9y ago

So you're saying cryptocurrencies would have been weaker if the opposite of all those things had happened? That's hard to imagine

tome 9y ago

So you're saying cryptocurrencies would have been weaker if the opposite of all those things had happened. That's hard to imagine.