Except for NFTs, Crypto Space Remains the Same -Breaking
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It’s not the end of the world, but Crypto Space is still as it was in 1998.- According to Shibetoshi Nakamoto, there has been no significant change in crypto from 2013 aside the appearance of NFT.
- This statement was made by Shibetoshi based upon the fact that crypto-scams continue to exist.
Co-Founder Billy Markus — commonly known by his Twitter (NYSE:) name Shibetoshi Nakamoto, says that with the exception of NFTs evolution, crypto space has remained the same in bad profile since 2013.
The year 2013 had become saturated with crypto scams and other charlatans. Also, apart from this, there wasn’t a single day without a piece of news about crypto exchange hacks, flash crashes, and delusions, according to him.
Since 2013, crypto has seen a significant change.
It was filled with scams and charlatans back then, as well as shady trades being hacked constantly, flash crashes, delusion, and shady exchanges.
nowadays it’s full of scams, charlatans, shady exchanges getting hacked all the time, flash crashes, delusion, and jpgs
— Shibetoshi Nakamoto (@BillyM2k) December 5, 2021
Sparingly, Shibetoshi compared crypto sentiments back in 2013 to today and said that yet still, there isn’t any noticeable change of the scam and heist in crypto. He said that crypto has an outdated language, even with the advancement and emergence new technologies.
Is it possible that Shibetoshi has lost his faith in crypto and is now losing love for it? The tweet also looks like mockery and sarcasm in many aspects. Elon Musk, CEO of Tesla Motors Inc. responded with a laugh emoji. Musk responded to the tweets in similar fashion and sent a second one. Musk responded by saying that non-fungible tokens, or NFTs, are jeopardizing the dollar.
Musk’s response clearly shows that he doesn’t buy Shibetoshi’s narratives about crypto. Additionally, it also makes sense that Musk’s passion for crypto, especially Dogecoin is still strong like before. To avoid falling for a scam, crypto frauds are an inevitable part of the environment. It is important to protect your password and mnemonic phrase at all times.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
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