Sources Contact Advanced Search Tutorials

An Interest In:

Web News this Week

Search Archive

Some of Our Sources

View All Sources

Help Webnuz

Referal links:

February 21, 2022 11:01 pm

A Crypto Winter Would Be Welcomed by Top Developers, Says Vitalik Buterin

Ethereum cofounder Vitalik Buterin has said many crypto developers wouldn't be unhappy to see a continued slide in the price of digital currencies, as the slump could clear out less-viable projects. From a report: Cryptocurrencies have fallen in recent weeks alongside stocks, as investors grow more cautious about taking risks given persistent rises in inflation, expected interest-rate hikes by the Federal Reserve, and geopolitical tensions. But the prospect of more losses and a bear market -- generally, where prices fall 20% from a recent high -- won't deter some in the crypto world, Buterin told Bloomberg. "The people who are deep into crypto, and especially building things, a lot of them welcome a bear market," he said in an interview published Saturday. [...] On the other hand, falling prices separate the curious from the serious, he argued. That is why a "crypto winter" -- when prices keep crashing and fail to recover for a long time -- could be seen as a positive. "The winters are the time when a lot of those applications fall away, and you can see which projects are actually long-term sustainable, like both in their models and in their teams and their people," the ethereum cofounder said.

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot