@BOMBERuss 2 September 2022 more from that month

#Ethereum co-founder Vitalik #Buterin gave an interview to blogger Noah Smith. Vitalik spoke about what he thinks about the coming crypto winter and explained why, time after time, after periods of impressive growth, the #market begins to fall and stagnate. Rumors that the crypto winter has gripped the market have finally reached Buterin. He explained that he had actually been waiting for a recession earlier - usually periods of impressive growth last from six to nine months after overcoming the previous maximum, after which the decline occurs quite quickly. But this time the bull market continues much longer — almost a year and a half. Cryptans were used to growth and were sure that it would last forever. However, Buterin knew that growth would end. It just wasn't known when it would happen. According to the co-founder of Ethereum, this is a completely normal "cyclical dynamics" for cryptocurrencies. But, of course, after believing in eternal growth, there comes a period of disappointment in the market and those who shouted yesterday that cryptocurrencies were the future, today say that the crypto market is doomed. Regular dramatic downturns in the crypto market help to identify problems in the industry and unstable business models. Flawed models only work in a growing market, a bear market kills them. Buterin attributed #Terra, which collapsed in the spring, and the #BitConnect investment scam, which collapsed in 2017, to such projects. At the same time, Buterin also mentioned the negative impact of bearish phases of the market — they negatively affect the development and development of protocols, since it is difficult to maintain an overgrown staff of crypto startups without making a profit. Buterin does not know what to do with this, and he advises cryptans to study the history of the crypto market and think about its prospects. #CryptoCurrency