I just watched this video by ColdFusion and the "takeaway" is that no matter how useful, great, or purposeful a coin is -- that all it takes is a lack of faith to bring its value down to zero. Is this absolutely true in all cases? If not, is there a single coin out there that has value even though virtually everyone has no faith in it?
This seems like it could be very exploitable to social engineering attacks by shorting the coin then shilling tons and tons of FUD against the coin and hope it enters a death spiral.
TL;DR: Is "faith in the coin" the #1 thing which keeps 99.999% of coins alive and which prevents them from crashing to zero? 🤔
[link] [comments]
source https://www.reddit.com/r/btc/comments/uwzhci/is_faith_in_the_coin_the_1_thing_which_keeps/
No comments:
Post a Comment