All momentum has slowed considerably, coin prices all generally down…some more than others, average is 30%. The erodes legitimacy (which crypto still has much to prove), and confidence. I see the critical turning point for crypto as a conflation of increased asset backing, clear purchase and sale system, valuations that makes sense and account for millions sometimes billions of non-issued tokens sitting in a company’s margin, making it difficult for investors to tell when those coins will get released. So what’s the difference in actual economic parity between fiat and stable coins in that case? And are they really stable if a company like XRP could release the 40% of their stash they’re holding back and cause “ripples” in valuation and confidence. Perhaps future regulation may help establish stronger frameworks for crypto currencies, as will more time to allow this wild market to evolve into firmer days.

Thanks Charlie for the invite. Happy to join in the fun.