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RE: Why Raiblocks Will End as a Pump & Dump
I agree that adoption is the number one barrier followed by UI's. I really wish more businesses would accept BTC or LTC or really anything. As a miner, the only places I can spend my earned coins are eGifter and Newegg. Used to also be Steam (PC Video Game Marketplace) but they removed that functionality.
Maybe another video idea could be to possibly explain what would have to occur in order for businesses to start openly accepting more and more crypto's. I know its a bit out of your area of expertise, but hearing your explanation would be great.
On a side note, anyone want to take a guess as to how many other big name crypto youtubers will follow his opinion now?
I feel like too many of the Crypto Youtubers have turned into hype machines / Pump n' Dumps. They do superficial analysis of coins (or copy others), buy into them, promote them, get others to promote them, watch the price rise, convince people they're onto to something, and then the process just repeats itself.
My guess is, no other Youtubers are going to say anything negative about XRB since they probably already bought into it and have started the hyping process.
and this...is my bitconnect wallet.
Agree. When I tell people who are new to cryptos to do some research on youtube, I start them off with a select group of channels, and one of the things purposefully absent are the ones that mainly shill referrals, lending platforms and HYIPs, and shake their daily earnings in front of everyone.
I do believe that a rising level of education within the space will turn people away from those types of channels; however, at this point of the implementation curve, for each one that walks away, a newbies who's fresh off the boat will take their place (until they learn their lesson, and so on.)