Post
Mamoud1
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@CZ the man to blame whether you like it or not
It's a classic of market psychology: as soon as the red candles light up and BTC loses a few percent, the crowd looks for a scapegoat, a face on which to project their frustration. And often, it's CZ (Changpeng Zhao) who finds himself in the front line.
Here is an analysis of this tendency to "take it out on" iconic figures when volatility strikes:
The "Scapegoat" Effect of Blockchain
In a decentralized ecosystem, the irony is that many users still need a central figure to blame. When a massive sell-off occurs:
Here is an analysis of this tendency to "take it out on" iconic figures when volatility strikes:
The "Scapegoat" Effect of Blockchain
In a decentralized ecosystem, the irony is that many users still need a central figure to blame. When a massive sell-off occurs:
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