I got alot to comment on the terra luna situation but i'm going to save that for an upcoming video. I can tell you it's been several incidents of suicide over there and it's probably going to be more.

So i don't know if you're familiar with Richard Heart? he runs one of the biggest projects in cryptocurrency. I feel he's the last person left worth listening to. He created 2 videos i'd invite you to watch. The first in entitled

Richard Heart #short | why you should stop trading #short

https://www.youtube.com/shorts/i8FjnF1RKYc

Trading destroys your health and relationships, to lose money, or take another's who has it as bad.

https://www.youtube.com/watch?v=1_p8AuXDr4k

So i'm going to give you a brief summary. So Trading is groups or entities people sitting up on there computer all day trying to steal money from one another. They don't bring lasting useful products to market or make the world a better place. They have this very parasitic relationship. I'll get more technical in the upcoming video so you guys don't explode yet i'd encourage you to watch the Richard heart videos before you respond. He's respected by a ton of people and many listen to him so it matters.

Only thing i'm going to say about algorithmic stable coins is that this is not money. They aren't sustainable. If they were money they'd have the intrinsic value to be valuable on their own. They'd have merchant and vendor acceptance at a significantly level. The reality of the situation is most of these so called algo stable coins wouldn't be accepted by anybody so it's all ridiculous unsustainable nonsense.

The only way you get people to join in is by promising them unsustainable returns. so i'm going to leave that there for now.

Bitcoin MYK is created from the school of thought of people like richard heart who understands certain aspects that work like store of value and growth

You can go create any algo you want and that will not make your economy sustainable until you really solve peoples problems. THe Citizens Dividend does that because it's free and it's going to be widely accepted by people. Under metcalfe's law you can't have people joining a network without value attached to it.. that's just utterly ignorant to believe other wise. THe fact all these cryptos will end up collapsing because capitalism itself is collapsing means that people will seek other ways. In other words it's not working.

Them watching a free market destruction of their money doesn't help those people and where did all the money go? To the exact place richard heart said it would go and it doesn't help anybody.. it won't grow the space because when people lose money and out there committing suicide do they want to participate in crypto? no.. they don't.. so that's not going to work for them.. and right now them is alot of people over on terra luna..

You don't have to worry about bitcoin myk.. it certainly doesn't have the reputation of terra luna or what will soon be hive and i think bitcoin myk will be ripe for the taking and open arm accepted by the people in due time.. i'm not worried but you all should be, you're offing yourselves and it's not healthy as richard says and i suspect hive is next

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