Event which has the biggest impact? I guess that was the downfall of terra because that was also the time wherein sources of profit in forms of p2e and nfts, also started to struggle. After that, we've seen more projects which had problems prolonging their platform in this industry But I am not trying to blame everything from what he's done. The market is just that uncertain and many things could take place in an instant for both positice and negative situations. Maybe, it is a factor that many projects became alarming to the investors, which yield to low overall activity in this industry. Whether it would be able to recover or not, depends solely with the things which would take place for next year.
I agree and I thought that was the last bad news that we are going to have before the end of 2022 until the FTX scandal happened with over 5 million users losing their funds and the bad domino effect that happened, I consider 2022 as one of the worse years we have, if not for the good foundation and the strong belief of the early adopters the industry is still safe.
The only circumstances that we are going to crumble are if the blockchain concept can be destroyed or manipulated, it's the centralized entities that are wrong here not the blockchain concept.
No matter how advanced technology is, human nature is the most terrifying. When the underlying technology of the decentralized blockchain is controlled by capital or interest groups, the essence of decentralization will die. This is the saddest thing. Various major events in 2022, including the domino effect caused, fully demonstrate that there is nothing wrong with technology, but it is people's evil intentions that are wrong.
