This wave of Bithumb's amazing operation made me laugh and then cry. 😂
😱 The magical realism of South Korea's 'second' Bithumb
Does anyone understand? Yesterday, Bithumb almost 'physically destroyed' the entire crypto circle.
It was originally promised to issue 2000 BTC in airdrops, but a junior employee accidentally sent out 620,000! 695 'lucky ones' instantly had 2000 coins in their accounts.
The most outrageous point came: Bithumb had only 460,000 in reserves, yet it managed to issue 150% more coins out of thin air? This void printing system actually did not report an error? Such astronomical transfers required no layers of approval and could just be sent out with a click of the mouse?
Fortunately, most of it was urgently frozen within 40 minutes; otherwise, everyone could really report to the electronics factory today.
This 'super compliant' exchange has internal management that's even worse than a makeshift team. This incident tells us: if centralized institutions become less intelligent, they won't even give you a chance to call for help. 🤡
🛡️ Since CEX is unreliable, we have to look at the 'honest' infrastructure.
After getting tired of this heart attack-inducing blunder, looking back at @Plasma , I find that this 'road-building type' player is actually quite appealing.
The current market is going crazy with emotions, but $XPL is taking a different path—steady like an experienced driver: many projects are rushing to buy traffic, while Plasma is busy with Paymaster and ultra-low Gas. Its logic is simple: let money flow smoothly on the chain; this is more effective than any slogan. Many people see the trading activity of $XPL not matching its market cap and think it is 'weak.' In fact, this is a typical depth of chips turnover. Compared to those coins that overspend their future at once, this process of finding value anchors through repeated exchanges is what big players prefer—the 'slow pace.' It’s more like preparing the 'highway' neatly before everyone enters the market. When real demand comes up, the premium brought by this underlying efficiency will last longer than any marketing.
💡 To summarize
$XPL is not the kind of gamble that makes you rich overnight, but the kind that, when you come back to your senses, has become the 'fixed point' in the payment track.
Let's discuss in the comments:
If those 2000 BTC really landed in your account yesterday, would you cash out first or run away? 👇
