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>I just can't see why anyone would place this much trust in a PoS coin with a central governance and with major stake by VC in SV. In a bullrun, no one cares a
by scrlk 4y ago
>I just can't see why anyone would place this much trust in a PoS coin with a central governance and with major stake by VC in SV.
In a bullrun, no one cares about "decentralisation" or "fundamentals", they just want to make as much money as possible, even if it means interacting with CEXs/CeFi/centralised L1 scamchains etc.
Only when things go south do people understand why "decentralisation" is important.
- Melting_Harps 4y ago> Only when things go south do people understand why "decentralisation" is important. So the greater fool theory isn't a feature of the platform as it's often portrayed as by it's detractors, but rather a self-imposed one by the new cohorts? I guess that while the tech matures the fomo aspect never seems to go away regardless of time. > because the decentralized cryptocurrencies are expensive to transact with — because many people, like you, strongly prefer to use the decentralized ones and so pay a premium to do so. It's currently .20 to do a 10 min tx on BTC layer 1, and near free and instant on layer 2. How is this expensive?
- scrlk 4y ago>I guess that while the tech matures the fomo aspect never seems to go away regardless of time. As long as cryptocurrencies are far out on the risk curve, this will never disappear.