Whales could tank the entire crypto market if they wanted. You know how that would look? A steady price increase as they buy in, then it tanking as they unload.
The money these entities controls means their pocket change dwarves the total market capitalization of the crypto markets.
Yeah there is a lot of manipulation in the crypto space and a lot of coins that look impressive but have nothing really behind them easy to mess with the markets as not many real people own the crypto and its just a few whales trading between to make the market cap look good.
One of the reasons i love Skycoin is its a old project and looks to solve all the problems crypto had and also it has coin hours a parallel currency so you effectively gain interest on the Skycoin you hold in your wallet, no staking just passive and simple.
Which is meant to help encourage people to hold their Skycoin and spend the coin hours instead so some stability is created but you don't have to fear spending your coin hours as they are generated 1 for every hour you hold 1 Skycoin.
Also the project is ran by the super based Synth who hates censorship and is a mad genius when it comes to crypto and is also building a replacement for the internet called Skywire meshnet.
Whales could tank the entire crypto market if they wanted. You know how that would look? A steady price increase as they buy in, then it tanking as they unload.
The money these entities controls means their pocket change dwarves the total market capitalization of the crypto markets.
Anyone could tank any commodity on the free market- and it happens all the time. Such is life. That’s why it’s a free market.
Crypto, while wasting a ton of electricity, is still the closest thing we have to real money for the people by the people. It’s the 1776 of money.
If the power is out, then you aren't using your debit card either. Somehow we live on.
Solar / generator. Remember the network is world wide and still functions during blackouts. What you’re referring to is an extinction level event
Homeless and poor people do it every day.
Yeah there is a lot of manipulation in the crypto space and a lot of coins that look impressive but have nothing really behind them easy to mess with the markets as not many real people own the crypto and its just a few whales trading between to make the market cap look good.
One of the reasons i love Skycoin is its a old project and looks to solve all the problems crypto had and also it has coin hours a parallel currency so you effectively gain interest on the Skycoin you hold in your wallet, no staking just passive and simple. Which is meant to help encourage people to hold their Skycoin and spend the coin hours instead so some stability is created but you don't have to fear spending your coin hours as they are generated 1 for every hour you hold 1 Skycoin.
Also the project is ran by the super based Synth who hates censorship and is a mad genius when it comes to crypto and is also building a replacement for the internet called Skywire meshnet.
Skywire... meshnet...
wait...