Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Bloody Year 2022 coming to End
by
Kryptowerk
on 12/12/2022, 02:42:25 UTC

Bitcoin is about to go through a bloody year.  A number of unexpected events have prevented the Bitcoin market from ever moving upward this year.  Dozens of unexpected events have struck fear into the minds of investors.  Starting with investors, governments and central banks have taken a cautious stance on Bitcoin.  So we are almost at the end of this unexpected year.

Some Bloody Events 2022 & Funds Exploits

  • Mango Exploit : $114-115M
  • Wintermute Hack: $160M
  • Beanstalk Farm Hack: $180M
  • Nomad Bridge Hack: $190M
  • WormHole Hack: $320M
  • Ronin Hack: $600M
  • Voyager : $3.75b
  • BlockFi: $4.5b
  • Celsius: $4.5b
  • Genesis Bankrupt: $5b
  • 3AC implosions: $18b
  • Luna/UST crashed: $40b
  • FTX and Alameda Crashed: $40b+

The above shameful scam has completely negative impact on the Bitcoin market in 2022.  We all hope that such incidents do not happen in cryptocurrencies in the coming years.


That's a pretty nice summary of Bitcoin 2022 - the "bloody side" that is.
I wasn't even aware of half of the hacks ("hacks" Roll Eyes Tongue).

The big question to me seems: Will the behaviour of people using Bitcoin (or other crypto) change for the better?
Tbh I have my doubts. Sure, short-term especially the ones that have been burned will take better care of their keys etc.
In the great-scheme of things, with all the mainstream-media-attention that the FTX fkup is getting, this may help to increase general awareness for good Bitcoin-security-practice. I will be suprised however, if something similar like FTX or LUNA does *not* happen within the next 3 - 5 years of crypto history.