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I am all for cryptocurrencies as a means to privacy. But when their proponents claim that cryptocurrencies will replace fiat currency with something fairer and
by jackcosgrove 10y ago
I am all for cryptocurrencies as a means to privacy. But when their proponents claim that cryptocurrencies will replace fiat currency with something fairer and more tied to value, all I can think of is the speculation, cheating, hype, and chicanery that has gone on with Bitcoin and now appears to be going on with Ethereum. The new currencies seem to be less fair and more ethereal than dollars and euros.
- imaginenore 10y agoThe same sh*t goes on in the regular currency trading as well. The only reall difference, they have a lot more liquidity, so all the pumps and dumps are a lot less pronounced. But also a lot more money is involved, so people make huge profits still.
- rando18423 10y agoSo what you mean to say is that that activity makes up a much smaller part of those markets?