May 17th 2021 - This Escalated Quickly

avatar

Leofinance Musk 01.png

“You either die as a hero or live long enough to become villain”. That old saying is these days used a lot when crpytosphere comments on the latest moves by Elon Musk, entrepreneur and social influencer who went through spectacular, rapid and stunning transformation from great crypto guru and messiah into the crpytocurrencies’ worst enemy.

Historians would probably spend a lot of research trying to figure out what was behind Musk’s about face. It could have been “friendly persuasion” by US government and subsequent concern for government subsidies that keep Tesla, Space X and other of Musk’s companies afloat. It could have been cold calculation aimed at weak hands in cryptosphere, those armies of newbies who recently bought Bitcoin and other cryptocurrencies at All Time High only to panic sell after few tweets and allow Musk and his corporate whale friends to dramatically increase their crypto bags by buying cheap. Or it could have been pure ego at work, a reaction of corporate prima dona who simply can’t forgive rejection of his beloved Dogecoin and doubts in its market infallibility, so he treats them as a mortal insult that should be punished by sparking market cryptocalypse.

Whatever the explanation might be, it is clear that Musk in matter of weeks created just as much damage to Bitcoin and crypto community than the worst exchange hacks, exit scams, crypto bans and restrictive regulations in years. And it was all a single man.

It only proves that crypto community has a long way to go if it is to become mature enough to evade dependence on a single individual and its whims. Whether that individual might be a hero or the villain.

Blog in Croatian https://draxblog.com
Blog in English https://draxreview.wordpress.com/
Original Hive blog (Film & TV) https://hive.blog/@drax
Minds profile https://www.minds.com/drax_rp_nc
Uptrennd profile https://www.uptrennd.com/user/MTYzNA

Hiveonboard: https://hiveonboard.com?ref=drax
Rising Star game: https://www.risingstargame.com?referrer=drax
1Inch: https://1inch.exchange/#/r/0x83823d8CCB74F828148258BB4457642124b1328e

BTC donations: 1EWxiMiP6iiG9rger3NuUSd6HByaxQWafG
ETH donations: 0xB305F144323b99e6f8b1d66f5D7DE78B498C32A7

Posted Using LeoFinance Beta



0
0
0.000
0 comments