maybe it's time for Solana to finally die, after stopping centralized blockchain numerous times.
I don't know a hell of a lot about that coin, but given that it's not tied to an exchange like BNB or FTX's coin I doubt it's going to just implode and go to zero. Obviously there are plenty of people who've got no problem buying coins like that, just as there are too many people willing to keep their funds on centralized exchanges, out of sheer ignorance or because they accept the risks involved in doing so.
Real danger I see is that few more stable coins are probably going to collapse and we can see bitcoin going down again as a result.
Better be ready for a bumpy ride in next few weeks and months.
Again? I'm not sure if bitcoin has
stopped going down (though it seems to have paused for a breather). And those stablecoins, man....I don't really understand what function they serve except as a place-marker for cash on exchanges or why there are so many of them. Frankly I don't give two shits what happens to them, and the more attention the government pays to them and not bitcoin, the better.
Are these companies really influential or independent financial entities? Personally, I did not hear most of them and did not hear a real development presented by that platform, and therefore the most precious of these companies is directly or indirectly affiliated with FTX, and it is not affected by FTX bankruptcy.
Yeah, I don't know any of that either. As I said in another thread, I hadn't even heard of FTX until this whole thing went down (though I might have heard their name here and there). Regardless, this debacle did have a big effect on bitcoin that can't be denied, and I'm hoping people aren't losing faith in crypto in general and bitcoin particularly.