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RE: Why Raiblocks Will End as a Pump & Dump

in #raiblocks7 years ago

It is a disgrace that this post has been demonetised and hidden due to low ratings. The level of vitriol directed at the poster here and on youtube just shows how insanely tribal people can get when money is involved.

I come to this channel for the fact that it is generally counter to the current hype train that is crypto. If you want to listen to people shilling coins there are plenty of other channels available and I subscribe to those as well.

Whether Cryptoinvestor is right or wrong about Raiblocks will be clear for us all to see in good time. One thing that is certain is that there will eventually be a massive correction across the whole market and a lot of coins will not survive. Only those coins with the network effects provided by widespread adoption will survive.

The reality of where we are at today is that 99% of the general public don't even know that altcoins exist, so as said in the video, adoption is still the issue, not scaling. Scaling certainly is part of the problem along with many other issues. It is a disaster for the adoption of bitcoin that the fees have become so high and we need a real fix for this as soon as possible. We will not achieve global scale if 99% of the world's population is excluded from the bitcoin network due to high fees.

It is impossible to call the top of a market, but it is possible to show that we are in a massive bubble. Investments that happen at the height of a bubble can seem reasonable at the time but insane when viewed with hindsight. There is too much mania and hype around in the current market.

No need to explain yourself to the haters, keep up the great work with this channel, it is by far the most interesting and thought provoking content available on the subject of crypto.

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