"With $ETH price dropping below $200, @Decentraland's @TonySheng says narratives will continue to fuel #crypto market trends in the absence of clear regulation and valuation methods.
https://ban.cr/ShengNarratives"
Do you think what he is trying to say is that the only way for ETH to quit dropping is for the government to take over?
Sounds like it and I completely disagree..
He has a point about the narratives driving the market, but regulation and valuation? would just be another part of the narrative..
Like wtf, Do they want the government to say "Ok, ETH is worth $500 today." ??
Well that might sound dandy to some but they are never going to say that it's worth $20k because they wouldn't let that happen..
Like some authority is going to tell us what ETH is and is not worth, lol..
I think that valuation methods can be taken by non-governmental entities. So, we don't exactly agree on that, but I don't know where else regulation would come from.