As far as I can tell, nothing is stopping the convergence to BTC as the monetary standard while ICO scams still run rampant at the same time. These are not mutually exclusive possibilities. Shitcoins are made faster than they are dying off.https://twitter.com/MimeticValue/status/1018236095325265920 …
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None of the individual altcoins can become a standard, but that doesn't stop new altcoins from being made while other shitcoins are dying. Also, nothing is stopping 3rd parties from distributing BTC-backed assets or derivatives. Market will still be a mess even with BTC standard.
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Replying to @MimeticValue
The amount of LinkedIn requests I get from sketchy people promoting some coin/token/exchange is shocking. Too many people have been preyed on by these altcoin swindlers. Shame when the medium is used for tricks. Next serious equity pullback eliminates entire altcoin mkt.
2:12 PM - 14 Jul 2018
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