As of yet, no #cryptoasset is too big to fail-- not even #bitcoin.
Too big to fail applies in 2 areas
1) #Cryptoland, where the question is: will crypto be crippled if a core network suffers catastrophic failure (or slow fade 2 obsolescence)
2) Macro-land, where the question is: will global economies be severely affected if X #crypto goes down
1) #Cryptoland, where the question is: will crypto be crippled if a core network suffers catastrophic failure (or slow fade 2 obsolescence)
2) Macro-land, where the question is: will global economies be severely affected if X #crypto goes down
3/ In case #1, there's no doubt #cryptoland would go through a period of heavy puking if #Bitcoin or #Ethereum went down, and while a few #buidlers would defect, the majority would stay and adapt.
4/ And we are lightyears away from case #2, where a #cryptoasset poses systemic risk to macro-land... though #crypto time does move fast 😉
5/ As is often the case, thoughts inspired by conversation w/ @jmonegro.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
