Venture capitalist Arianna Simpson said in a tweet: “The fact that miners are shutting down and difficulty is decreasing is a feature, not a bug, of bitcoin’s design.”
While mines or data centers have been reportedly shutting down, Bitcoin has been easier to mine since the demand for it decreased and the algorithm adjusted. But as crypto experts said, this is not too bad of for cryptocurrencies.
From all the ruckus cryptocurrencies made in 2017 like digital kittens selling out at $170,000, people buying cars and pizzas through cryptocurrencies, and creation of cryptocurrency-themed music videos, the digital currencies are experiencing a great blow today. All these may change in 2019, but what we know today is that despite market fluctuations, there are still cryptocurrency businesses kicking their ways to the market and have not completely given up.
Twins Julian (a cryptocurrency investor in San Francisco) and James Spediacci, for example, would like to let people know that investors in crypto are still alive, as they have told The New York Times. Spediacci said, “A lot of people are reaching out, and they want to find out what happened to us, and if we’re still alive, so it’d be great to clarify that there are a lot of OG HODLers,” basically saying in crypto language that they would remain as investors.