in some ways… the problem could be solved if people just switch to using wBTC instead. it’s a currency on the eth network with the price tied directly to the price real btc.
“we could all own a small slice of nothing” they will say. (because the price will literally go down to nothing if people stop buying it.)
but i don’t believe it was ever about achieving some incredible price target. all that matters is if the price acts predictable. the lower prices are fine imo. more volatility.
although nontraders(holders) are against the idea of trading.
in some ways… the problem could be solved if people just switch to using wBTC instead. it’s a currency on the eth network with the price tied directly to the price real btc.
“we could all own a small slice of nothing” they will say. (because the price will literally go down to nothing if people stop buying it.) but i don’t believe it was ever about achieving some incredible price target. all that matters is if the price acts predictable. the lower prices are fine imo. more volatility.
although nontraders(holders) are against the idea of trading.
Owning wBTC will still push the price of BTC up and incentivise mining and therefore energy and electronic waste.