Vitalik Buterin donates 1 billion in Cryptocurrency "SHIBA INU" coin to Covid relief for India

rhanishane
rhanishane NSW Australia Posts: 505
in A Moving Train
https://cryptoslate.com/vitalik-buterin-1-billion-in-shiba-inu-donates-it-all-to-indias-covid-fight/

Comments

  • benjs
    benjs Toronto, ON Posts: 9,367
    Also fascinating was what happened next!

    https://www.vox.com/recode/2021/5/12/22433113/vitalik-buterlin-cryptocurrency-india-shiba-inu-coin-philanthropy

    Buterlin had been given 50% of the Shiba Inu Coins in distribution in the past, and upon learning of his donation, the cryptocurrency's value plummeted 40%, meaning that the value of his donation was down 40% in its buying power.

    Such volatility makes me wonder how cryptocurrency enters the mainstream (i.e. those without disposable wealth).
    '05 - TO, '06 - TO 1, '08 - NYC 1 & 2, '09 - TO, Chi 1 & 2, '10 - Buffalo, NYC 1 & 2, '11 - TO 1 & 2, Hamilton, '13 - Buffalo, Brooklyn 1 & 2, '15 - Global Citizen, '16 - TO 1 & 2, Chi 2

    EV
    Toronto Film Festival 9/11/2007, '08 - Toronto 1 & 2, '09 - Albany 1, '11 - Chicago 1

Categories