Post
Topic
Board Mining speculation
Re: 2022 Diff thread.
by
mikeywith
on 17/05/2022, 00:30:39 UTC
any real suicide evidence?

Not sure if anyone can come up with any solid evidence, but taking a somehow an educated guess, I believe there must be serval of them, and here is my reasoning; the Anchor Protocol was paying "20% APY", more than 70% of the UST supply was in Anchor, the 20% APY was so tempting that people were almost selling their organs to put money into, I personally know a few folks who went all-in into that shit, I am pretty sure there were people who borrowed money against their houses to get that massive stable APY from Anchor, only to realize later on that if "it's too good to be true", you all know the rest.

While this is an altcoin kind of stuff, but it does affect BTC regardless of how anyone thinks, BTC as it stands right now is a high-risk speculative asset, the average joe and his grandmother don't really know the technical differences between a solid ecosystem like BTC and a shitcoin like Luna, and thus "confidence" is gone, and it will take time to recover what has been broken.

Meanwhile, and back on topic, the pace seems to be picking up, looks like we can still have a positive change despite the price.

Quote
Current Pace:   99.6189%  (865 / 868.31 expected, 3.31 behind)