Good lord.
Pity the poor person out there trying to understand what is going on / what is block.xyz.
At least we are told nothing will change with TBD54566975 (?).
https://twitter.com/tbd54566975?lang=en
The bitcoin world is crazy.
Pity the poor person out there trying to understand what is going on / what is block.xyz.
At least we are told nothing will change with TBD54566975 (?).
https://twitter.com/tbd54566975?lang=en
The bitcoin world is crazy.
All of these corporate cryptocurrency pushes have strong "How do you do, fellow children?" vibes.
But the funny part is a lot of the crypto people are eating it right up, mostly because they have to accept any and all big business investment in the crypto space to further pump their own assets.
But it's curated by JAY-Z!
That was the first wave. This much bigger wave is people like your uncle who's not tech savvy but bought $100 in Bitcoin because they heard you could get rich from it. The ideological component is just window dressing (eventually a lot of ideology becomes window dressing so that's not too unusual).
Random uncles putting $100 into BitCoin isn't driving the market.
Cryptocurrency is very corporate now, including a mix of shady corporations who love playing in this unregulated space.
The average joe is just along for the ride, but they're being pitched the idea that decentralization is democratization. Meanwhile, there's nothing stopping a decentralized cryptocurrency from being owned by very centralized players. It is, after all, tradable by anyone.
No, but the companies providing easy ways for tens of thousands of uncles to put $100 into the market definitely are driving the market.
See: Robinhood, Venmo, PayPal, Coinbase, etc.