@gainzy222 Capital seeking privacy won't park its value in a coin heavily associated with illicit activity. The true giant market is grey area offshore capital, not blatant fraud or stolen funds. That money is gonna want an umbrella of legitimacy.
@gainzy222 Capital seeking privacy won't park its value in a coin heavily associated with illicit activity. The true giant market is grey area offshore capital, not blatant fraud or stolen funds. That money is gonna want an umbrella of legitimacy.
@DeeZe@mendezmendez I don’t understand how ~20% interest rates + security risk is the best marginal cost of capital for people.. and that it’s worth tapping into
@androolloyd@gmoneyNFT Ya, I don’t understand the value of it being stored onchain. That being said I believe in the creativity of the crypto world to dream up stories of why this is valuable in order to sell a token
Thus far each cycle has burned categories of possibilities, which the market will have trouble dreaming about again.
In 2017 we said “the infrastructure is just getting built. Once we have cheap block space and other infra the blockchain will take over the world.”
In 2021 we said “once we get past an incredibly hostile admin that’ll allow crypto use cases to flourish.”
Will there be new reasons to believe crypto has a future? Probably, but each cycle of unfulfilled promises it gets harder I think.