Mark Mason
Well-known member
The Fleeting Luxury of Political Business Decisions in Cryptocurrency
This month, the cryptocurrency community largely came together against one of its most controversial figures by delisting a coin which was largely viewed as his. The merits of that particular decision aside, I was instantly struck how very few of the participating exchanges and services justified it on any sort of a business and technical level such as risky/unsound fundamentals of the network, low interest/trading volume, etc. Mostly, the reasoning started and finished with: “We don’t approve of the actions of one of its key figureheads.” In other words, serious business decisions were taken for purely political motivations. Merits of those particular reasons aside, it’s worth looking at why businesses can get away with making such unbusinesslike decisions, and why that might be a very temporary situation.
Read more - https://dashnews.org/the-fleeting-luxury-of-political-business-decisions-in-cryptocurrency/
This month, the cryptocurrency community largely came together against one of its most controversial figures by delisting a coin which was largely viewed as his. The merits of that particular decision aside, I was instantly struck how very few of the participating exchanges and services justified it on any sort of a business and technical level such as risky/unsound fundamentals of the network, low interest/trading volume, etc. Mostly, the reasoning started and finished with: “We don’t approve of the actions of one of its key figureheads.” In other words, serious business decisions were taken for purely political motivations. Merits of those particular reasons aside, it’s worth looking at why businesses can get away with making such unbusinesslike decisions, and why that might be a very temporary situation.
Read more - https://dashnews.org/the-fleeting-luxury-of-political-business-decisions-in-cryptocurrency/