Agreed - these shenanigans are not going to impress big money folks. Dilution of the cryptospace by injecting another coin out of thin air essentially that has a huge market cap is pretty similar to what the FED does, minus the generosity to the masses part. Investor types are not interested in crazy price swings like us traders are... the crypo ecosystem is always going to need new money coming in to keep it afloat. Just my two cents
I don't think we can be certain of that. It is certainly an interesting "real world" experiment. I just hope nobody loses too much money on it. Most of us in crypto who have been here for a while know not to invest any money that we are not 100% ready to lose. Hopefully people have been sticking to that advice.
Can you elaborate more on this?
Agreed - these shenanigans are not going to impress big money folks. Dilution of the cryptospace by injecting another coin out of thin air essentially that has a huge market cap is pretty similar to what the FED does, minus the generosity to the masses part. Investor types are not interested in crazy price swings like us traders are... the crypo ecosystem is always going to need new money coming in to keep it afloat. Just my two cents
I don't think we can be certain of that. It is certainly an interesting "real world" experiment. I just hope nobody loses too much money on it. Most of us in crypto who have been here for a while know not to invest any money that we are not 100% ready to lose. Hopefully people have been sticking to that advice.