Thursday, 6 May 2021

Btc market share at 44.9% on CMC

It's interesting to see Btc market share currently at 44.9% on CMC. I posted yesterday that I feel sentiment has changed, and I think it has.

It wasn't the corporations, or Elon that got Btc where is today, it was the little guy; the cypher punk, the folks that wanted to see real change in a world run by the banks and the ruling class.

But Btc - much like an elected official that made their constituents many promises in order to get elected, but then fails to deliver - has done the same thing. It promised change, and gave us more of the same. I can't believe I am the only little guy realising that Btc is no longer what it set out to be.

Of course I don't blame Btc, how can you, it is code after all. But the people who maybe thought they were doing the right thing, were wrong. Yes the number has gone up, but if all those little guys decide to move - as I am doing - then that market share is going to come down further. And that's without new innovations that are coming along and projects that are more viable as P2P Cash, like Bch.

And much like the election analogy, people will start to vote with their feet, and I believe that is what we are seeing now. On a personal level I don't want to be a part of just another corporate feeding fest. Btc set out to change the world, but was highjacked by jackals - whether on purpose or not - and has after 12 years - become just another ticker symbol on the stock exchange.

Nothing stays the same, which is something I tend to live by, though Btc Maxi's believe that is not the case. Time will tell. Change is good, even if sometimes it feels uncomfortable. Btc can't go back to its roots due to the corporations that have now bought into it.

It's still early days, but talking to friends who have been Btc Maxi's for the last 5 years or more, I feel a sea change coming, and I think that is reflected in market share.

submitted by /u/bjaxen
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source https://www.reddit.com/r/btc/comments/n5ykcj/btc_market_share_at_449_on_cmc/

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