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True.. but then the counterpoint is you can't eat money.. I mean, I understand why he gave it away, but I also don't expect it turn into anything anytime soon.
by nandhinianand 5y ago
True.. but then the counterpoint is you can't eat money.. I mean, I understand why he gave it away, but I also don't expect it turn into anything anytime soon. May be even siphoned off by some officers.4.
- mgerullis 5y agoIf Buterin had sold the coins before donating he would have crashed their price by himself and I can see how that’s not something he wanted to do. He gave away a lot and burned the rest, thus theoretically creating scarcity which should play in favor of the price. Then again, SHIB is a hyped shitcoin, it was never going to be worth much in the long run and it’s remarkable that it even reached the price it has right now. Creating such a token can be done within an hour. If the COVID relief fund gets stolen by officers, then that is unfortunate to say the least but once again, all things considered, Buterin did the best thing he could.