Who even cares about the markets? Bitcoin builders will keep building no matter what. gckaloudis writes in this week’s Crypto Long & Short newsletter from TABconf in Atlanta, Georgia.
I think this matters a great deal, and I’m certainly not alone in echoing the following sentiment. Amid poor price performance of bitcoin, there’s not much for everyone to be excited about. There’s no fear of missing out on untold riches. There aren’t many Bitcoin Tourists here right now. A lot of people will say, “Bear markets are for building.” And so many people say it so often that it loses its meaning.
But I’m still going to say it again here because it’s important: Builders will keep building no matter what. Here’s why it particularly matters right now. We’ve already seen over, and while the Bitcoin protocol hasn’t been hacked , there’s certainly less attention on Bitcoin than there was when the price of bitcoin was over $68,000.
So while the rest of the world is not paying attention, the developers who work on Bitcoin every day are spending time breaking things so that they can fix things to make . That’s a good thing for Bitcoin’s future, and anyone who thinks Bitcoin might have a chance at long-term viability should thank their lucky stars that the bear market is giving the builders time to build.
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