For me personally, I think it's the fact that Bitcoin and especially other cryptos, are far far less secure than people think from attacks. The amount of money you need to move the market or execute at 51% attack (https://www.crypto51.app/) especially if you are working with other large investors is trivial. For a group that loves independence from "big banks" and "Fiat" and the democratization of money, they seem to miss out that they are constantly being manipulated by rich coin holders.
Go to coinmarketcap and you'll see the daily pump & dumps. Blockchain claims all this moral superiority, and then you look at what the majority have done on the space. Feel bad for those trying to do something meaningful...
Look at how the concentration of wealth is more skewed in cryptos than IRL.
Comments
For me personally, I think it's the fact that Bitcoin and especially other cryptos, are far far less secure than people think from attacks. The amount of money you need to move the market or execute at 51% attack (https://www.crypto51.app/) especially if you are working with other large investors is trivial. For a group that loves independence from "big banks" and "Fiat" and the democratization of money, they seem to miss out that they are constantly being manipulated by rich coin holders.
Go to coinmarketcap and you'll see the daily pump & dumps. Blockchain claims all this moral superiority, and then you look at what the majority have done on the space. Feel bad for those trying to do something meaningful...
Look at how the concentration of wealth is more skewed in cryptos than IRL.
Consider that those with the ability to invest in a blockchain >50% are probably not going to destroy the thing theyre making money from.