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It’s funny how every so many years there’s a crypto bubble and then a subsequent “crypto is failed/dead” sentiment and now we see big exchanges failing and othe
by luxuryballs 4y ago
It’s funny how every so many years there’s a crypto bubble and then a subsequent “crypto is failed/dead” sentiment and now we see big exchanges failing and other failures of integration into more traditional systems.
What people see as a failure I see as a success. The more bitcoin continues to function and the more attempts to wrangle and centralize it that fail, the more it proves itself as something that can stand alone, explicitly without some institution taking it over and managing it.
The fact that it persists despite the market swings and frustrated attempts to leech onto it by profit-seeking platforms is a really good sign in my view.
The true test may be if it can withstand attempts to regulate it, even though that’s one of the biggest fears in crypto! My opinion is that if they can’t succeed at regulating or even banning it then that makes it even more viable as a decentralized currency system.
- chatterhead 4y ago[dead]