In the center of Berlin, there is a church called Gedächtniskirche, which translates to Memory Church.
This is a picture of it.
The roof is still broken; the Allies PROHIBITED Germans from repairing it as a reminder of the naughty things they did between 1939 - 1945. It stands in the middle of the city to remind each and every German not to try to invade the entire world again.
Celestia is the Gedächtniskirche of crypto.
A reminder of what happens if you let your VCs eat before your users and a reminder of how you will not thrive in crypto when you overfocus on tech and underfocus on allowing your supporters to make money.
Celestia will never recover. When I predicted that it would be irrelevant by the end of this bull, it had already dropped 80% from the top. Since then, it has dropped another 70%.
At this point, I won't even sell my Celestia anymore. It just sits in my wallet as a reminder to never trust devs.
celestia will be irrelevant by the end of this bull market
this is not only what i think but also what i strongly want
celestia is the posterchild of the rotten period of crypto that enriched vcs and burned the community
they let their vcs dump staking rewards of locked tokens and they don’t even care for commenting on it. they arrogantly look down on the community
$tia is loved by a handful of vcs and some devcels, everyone else hates it bc they lost money
with no community your tech is irrelevant. no one will care about a highly technical product and by next circle celestia will be forgotten. only devs need their tech stack and devs will go where the money is, not where the tech is 30% better
36.42K
268
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.