100% agree with everything here.
I did not mean to imply that they can't get their overall reputation back but this stain will not go away just like our hostile takeover. Interesting thing about our hostile takeover though is that we sort of view it as a badge of honor and a difficult battle won that eventually leads down a better path.
At the end of the day TC was making way too many derivatives and printing way too much money out of thin air. Then the lending system added even more leverage. They should have just stuck to the basics... and maybe that's what they will fall back on going forward.
I still don't know if I want to buy some at this $2 price or not.
It's still a bit disillusioning and my 0.25 BTC is still freshly frozen in their vault.
Yep, that's what makes these decisions difficult. If it wasn't disillusioning then the price wouldn't have crashed 50%. Surprisingly I actually listened to myself and bought a nice chunk at ~$2.08 which is working out real well so far. A very rare trading win for me - let's hope it holds.
nice yeah I'm regretting it at this point because the huge price gab between $2-$3 definitely implied there'd a lot of buying power. The systemic threat is gone in exchange for the reputation. I did buy a chunk at $2.60 and $3.11 though so my bag is bigger than ever.