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RE: It's carnage out there in crypto land! What's going on?

in #cryptocurrency7 years ago

Thanks for the post. I think the rumor of Vitalik's death only played a minor role.
I think it's the realization of the big players that ETH just like bitcoin is not scaling well. The sudden rise of ICOs and the Txs that come along with it has been clogging up on the blockchain. I'm not certain yet but there were rumors on reddit as well that there were people deliberately adding txs on the chain just to clog it more inducing more FUD. I'm not claiming all this blabbering I'm saying is for real. What the real reason for this bloodbath is my guess is as good as yours :)