You are viewing a single comment's thread from:

RE: Pretend the HBD haircut already happened. What would you do? A Cry to witnesses, holders and Hive full-time employees

in Ecency16 days ago

It's the old GrandpaCoin(BTC) that although having the worst algorithm among cryptos still has a lot of destructive influence in the Cryptoverse.

Every crypto is associated with BTC, so if BTC "coughs", everybody else in the Cryptoverse gets deadly pneumonia and many don't survive.

It's quite hard to work with a specific crypto without involving BTC, but it would eventually be necessary to preserve long-term relatively stable projects when the highly swollen BTC value falls further.

We need venture capital from outside the Cryptoverse as anything coming from there will be contaminated with the influence of BTC.

I know the old analogy: the Cryptoverse is like the Solar System and BTC is the Sun. Everything orbits it and it has 98% of the Cryptoverse's total influence in international investment markets. But we should still try it.

Sort:  

If that is the case we don't need VC, we need income. VC is better than the DHF that is for sure but by itself wouldn't make our economy healthier.

Also it is not BTC, as BTC reached all time highs we were struggling and as BTC struggle we kept struggling.

I think it is safe to say we are decoupled from BTC because we struggle regardless of market conditions.

Loading...
Loading...