checked in this morning on my Kadena wallet to find out someone wrapped a bitcoin on the kadena blockchain, ethereum is probably next.
Kadena went from the 9’s to over 13, ^.^.
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i was wondering why we had a 35% pop this morning.
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For someone like me who is learning, what doesbthis mean? I did see mining profit go up on Kadena this morning then drop.
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It’s cool, but I have mixed feeling on financial derivatives. The more widespread these become the more unstable the stability of the system becomes. Think 2008 housing market bust, widespread use of derivatives caused the whole system to fall down like dominoes.
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I see it like the Kadena technology is starting to be used and accepted, so ultimately that’s a good thing for folks mining and holding kadena
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Kadena rewards the miners very very well! Just hope them creating tokens to pay us will not dilute once they are sold onto the market for cash.
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