Back in year 2016, when Do Kwon is little-known kind of startup founder through the grand ambitions to bring free internet. He noticed that the research for distributed networks kept the up stuff on Ethereum and Bitcoin. Next thing this also knew; he had fallen “down bitcoin rabbit hole.”
Fast forward and the comparative newcomer is one of the highly influential as well as controversial figures in the rabbit hole. As one side are legions of the fans & the deep-pocketed bitcoin backers known as “Lunatics,”. They have turned vision of Kwon and engineering to be stable, digital currency which is easy to spend in the real life and also free from tentacles of the Wall Street. These government regulators are among greatest blockchain projects with almost ten billions of dollars of bitcoin and crypto tied to ecosystem.
Lunatics includes Bitcoin!
Few are the critics, this includes the crypto or bitcoin itself, that say Kwon is destine to fail. Few are also seemingly to be too-good-to-be-true also 20% interest blockchain of Terra for lending & borrowing program to big Ponzi scheme. It may finally collapse under the own weight. Few other warn about Bitcoin albeit devoid of such evidence. This it risks that bring down entire world of the digital assets.
During the year the group led by the Kwon wowed with laser-eye that is crowd through buying $1.5 billion in the Bitcoin. This may also be one among original cryptocurrency and biggest whales. However, it is even the flash point for the booster & naysayers similar. Believers observe the buying as the bold move for bringing Kwon’s vision step near to reality. Here, Skeptics say that it is also much desperate ploy for diverting attention away from the project which is bound to run simply out from money. As per Kwon, the role in entire Bitcoin and crypto industry is quite polarizing.
