Also, if we're pointing fingers, the influence Coinbase has on Bitcoin is insignificant compared to the Chinese mining conglomerates. The US is not the rest of the world.
Also, if we're pointing fingers, the influence Coinbase has on Bitcoin is insignificant compared to the Chinese mining conglomerates. The US is not the rest of the world.
[edit] David Gerard comes to mind - author of Attack of the 50 Foot Blockchain and Libra Shrugged - and HN user (dgerard I think) (https://davidgerard.co.uk/)
More recently Amy Castor, also an HN user (amycastor) (https://amycastor.com/)
And of course Bitfinex’d is back and public again on Twitter. (https://twitter.com/Bitfinexed)
As such it gets a lot of pro-crypto folks participating to get a different perspective. It’s not high brow HN level discourse but to your point a lot of serious stuff ends up there.
Considering the topic it’s pretty balanced.
People are motivated to talk and report based on a myriad of things, but lately this perception of "power" has been center stage. If you ask these people I imagine they would tell you that when Bitcoin hits a high it makes those people, and Bitcoin, very powerful while when it's $8 they're just nobodies wasting time in a dark room and coming up with memes like HODL.
Before 2017 the price of Bitcoin was stable as it wasn't worth anything.
From 2017 to 2021 the price of bitcoin has changed every year by: 1,300%, 71%, 75%, 328%
Compared to the DJIA, which over the same years changed every year by: 25%, 8%, 21%, 11%
In the last four years, two of those years have had price changes in the hundreds of percent, and the other two years the change was still 300% the greatest change in the DJIA across any of those four years.
You live in an alternate reality.
Pre 2017 was crazy volatile and unstable. It's still crazy, especially compared to regulated, national markets, but it does seem to be gradually smoothing out from the wildness of it's youth. https://www.buybitcoinworldwide.com/volatility-index/