Almost everyone in this space is here just to "get rich".
Let's be honest, if not the "number goes up" most of the people who claim to "love" cryptocurrency would never got into it.
It shouldn't matter how this people got in but unfortunately the true intent has impact on the project itself.
People don't care about the freedom it gives, that's why so many hold their coins on exchanges which act like banks.
That's why so many don't use crypto to buy things, they just hold it and by just holding it they hold the whole revolution.
We will never see cryptocurrency being used on daily basis if people just keep holding it without using it.
This way they are killing the horse they ride on.
For the horse to be healthy it must run.
Let's be honest, if not the "number goes up" most of the people who claim to "love" cryptocurrency would never got into it.
It shouldn't matter how this people got in but unfortunately the true intent has impact on the project itself.
People don't care about the freedom it gives, that's why so many hold their coins on exchanges which act like banks.
That's why so many don't use crypto to buy things, they just hold it and by just holding it they hold the whole revolution.
We will never see cryptocurrency being used on daily basis if people just keep holding it without using it.
This way they are killing the horse they ride on.
For the horse to be healthy it must run.
In economics, Gresham's law is a monetary principle that states "bad money drives out good money." For example, if you have hard money like Bitcoin in circulation, whose inflation decreases every 4 years and moves towards zero, and the dollar, which is printed uncontrollably and quickly loses purchasing power, people will tend to spend the bad form of money that loses purchasing power day by day and save the good form of money whose purchasing power increases.
https://en.wikipedia.org/wiki/Gresham%27s_law
