We’re so used to hacks that the market shrugs off $1.4b stolen from the 3rd biggest exchange. 

Mentally ill market stability. 🤝

musician: gigameshmusic.com | dev: github.com/gigamesh

why would ETH being removed from circulation be bearish, though?

figuring out my next thing | marketing, content, growth | prev. Juicebox, Nouns, RAW DAO | casting about coffee, hi-fi, and other rabbit holes

addresses are being watched like hawks, no exchange will off-ramp or OTC, USDC or USDT will get frozen. will take a very long time for them to get rid of it, if at all.

but yes, agreed on the second part

I guess in the short term, but long term it seems likely to be converted to usd or other fiat. 

Also just creates atmosphere of fear and contributes to the negative stigma of crypto.