Convincing the NBA to embrace a collectively-controlled investment in the form of the cryptocurrency Ethereum will be an extremely tall order.
“There is a gap of understanding between buyer and seller right now that is being used to exploit people,” Huntley said about why he created the site that he describes as an art project.
The $LGB website explains that the “Let’s Go Brandon” crypto is not a “s**t coin” but instead, it is a “coin that symbolizes the silent majority.”
Crypto fans defended the whole fiasco noting that credit card companies also charge fees of up to 5 percent for large transactions similar to the group’s “gas fees.”
MiamiCoin has supposedly earned over $20 million in the past three months, and if it can avoid a crash, it will only represent 1/5 of Miami’s $400 million annual tax revenue.
Perhaps the tungsten cube phenomenon is a solution to the intangibility of cryptocurrency that can provide “cryptophiles” something real to touch?
A man screamed on Twitter, “It went to zero!” as he watched the crash live. Squid’s creators are forecasted to have made off with around $2.1 million.
Salvadoran President Nayib Bukele tweeted that he saw the crypto market crash as an opportunity to “buy the dip.”