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I hate to no-true scotsman you, but if you kept significant amounts of cryptoasset in a centralised exchange, you weren't living in the desert, you were living
by kybernetikos 4y ago
I hate to no-true scotsman you, but if you kept significant amounts of cryptoasset in a centralised exchange, you weren't living in the desert, you were living in a sandbox.
- iterateofen 4y agoIf one held a coin that appreciated in value from the massive flood of retail investors using CEX, even if you custody your coins and then pointed to the price as some indication of cryptos success over the past 5 years like pretty everyone in the crypto community, and then now claim that wasn’t real crypto, well that an indication of cognitive dissonance.
- kybernetikos 4y agoI like them for reasons separate to their price. This is actually a fairly common view in the community, even among people like Vitalik. /r/ethereum doesn't even allow discussion of the price because that's a whole separate topic that is not necessarily all that interesting to the same people who are enthusiastic about ethereum. Indeed, Vitalik warned people a few times at various points in the run up that crypto was in a bubble. The current crash is not surprising to anyone who has been paying attention.