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RE: 10k SP milestone post // Some thoughts....
I should be hitting 10K fairly soon myself.
I think a lot of the junk projects need to die to release some of that liquidity into existing projects that are trying to do something useful.
Easier said then done. :)
Which part? Getting 10K SP or hoping for some projects to die?
The project dying part. Had a convo with a guy I telegram that bought some token he knew nothing about that has no useable product, only a promise to revolutionize cinema or something like that (as if that will happen) and now holds because it made him money. I asked him why he bought it and his response was basically: well a whale said it was going up.
Token usability never crossed his mind. Investors just assume that crypto isnt used for anything and you buy if the promise sounds cool.
That's why I don't see any of it dying any time soon if there's enough whale money in it.