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Leicester

๐Ÿ‘ค Speaker
1280 total appearances
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Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

That's chaos.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

bone being tied to leash on liquidity.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

That's chaos.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

You're creating a house of cards.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

It's essentially a fancy pyramid scheme, house of cards, where things are tied to this and tied to this and tied to this.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

And the whole thing was going to crash.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

That's what we're seeing.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

And that's what the person is talking about.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

At the end of the day, there's no documentation of if somebody pushes a malicious code, like let's say the house of cards was fine.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

I don't suggest it's a good thing.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

I'm saying, let's say it was stable until you push this code.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

He's saying, well, who has let's document who has the authority to do that and why they had the authority to do that and have transparency into who's doing what, when to try to connect the dots to the, you know, this validator that had too much authority to be able to push it through is what they're basically saying.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

Well,

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

I got a couple of concerns with what they're saying.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

I don't disagree conceptually, but I got a couple of concerns of what they're saying.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

When they say essentially standard must be evidence around public facing and we're tossing around the word FUD.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

And I want to clarify that FUD is false information designed to harm a thing.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

So if you say something, it has to be provably false in order to be FUD.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

We shouldn't use FUD.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The Collapse Of The #SHIB Ecosystem, K9 Finance Reaction To Recent Problems (OOC)

They're using FUD because they're in the bubble.