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The assertions here are far from what I’d point at first with regards to broken promises. The article also implicitly backs up some claims that are just not tr
by highwaylights 4y ago
The assertions here are far from what I’d point at first with regards to broken promises. The article also implicitly backs up some claims that are just not true.
The two biggest issues being that the market is heavy centralised and has unlimited supply, contrary to claims by holders on twitter.
It’s amazing how many people still believe that only 21 million Bitcoins will ever exist, even in 2022, contrary to what the Bitcoin core team has said multiple times (that inflation will be needed for the network to function).
Furthermore, there is already an infinite supply of alternative tokens whenever any of them spike in value, as has been shown in multiple cycles now. The market favours going to alternative tokens that have “moon” potential, making the forward supply also infinite, and thereby rendering the entire space worthless.
In short the entire industry is an encrypted linked list with some hashes, recycled ideas that have been done better in the past (De-Fi), and the entire world is crazy and stupid.