Comment by sigwinch
The inevitable bailouts will be breathtaking. We’re in a quadratic adoption phase to legitimize a currency faster than the public discovers its downsides. The first bailout will be in this administration and won’t look like an inflection point. It’ll look like printing fiat into a dark, lucrative, inaccessible hole.
Among average Americans, the biggest advantage for promoters is the widespread susceptibility to scams. FartCoin, $TRUMP, and BitCoin are equally buoyant unless you know just a little about the technology and culture. Demographics might change this before education does. That’s the second inflection point.
The third inflection point is how the politically-connected holders will manipulate hard forks, say due to a quantum breakthrough in Grover. Once we start seeing forged signatures, will we roll Ethereum back to last June? Or back to Tuesday?
There won't be crypto bailouts. The goal of crypto is to disperse it into the masses where it can lose all value. It losing value won't lead to any reaction, except for pumping some new crypto.