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That usually only happens to scamcoins, especially when there's some sort of exit scam (see Monero Gold). So let's hope he's not talking about Ethereum..
by blueprint 9y ago
That usually only happens to scamcoins, especially when there's some sort of exit scam (see Monero Gold). So let's hope he's not talking about Ethereum..
- bdcravens 9y agoHe draws no distinction, and I believe that's his point. "Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don't put in more money than you can afford to lose. If you're trying to figure out where to store your life savings, traditional assets are still your safest bet." He's not saying everything but the "real" cryptocurrencies. He's speaking to the industry, not just scams. Pretty clear he's including BTC, ETH, etc in his statement.
- blueprint 9y agoThat's unfortunate. Because the people behind Bitcoin and Monero most definitely do not consider them comparable to or tantamount to shitcoins. Quite the opposite. They recognize that they are securing people's actual livelihoods and in some cases their very lives (privacy->safety). To be honest, I actually already knew Vitalik was of that opinion. The fact people do not perceive what he (and other hypocrites) said as it is, is something I have also witnessed repeatedly. I wonder if that's why some of the greater philosophers in history mentioned that people see things exactly backwards.