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The fact that cryptocurrency keeps showing up alongside scams certainly does not bode well for the legitimacy of cryptocurrency, and by extension it does not bo
by beager 9y ago
The fact that cryptocurrency keeps showing up alongside scams certainly does not bode well for the legitimacy of cryptocurrency, and by extension it does not bode well for the stability or overall value.
One of the biggest flaws with cryptocurrency is that for all its mathematical and structural elegance, it rolls back almost all of the features that mitigate fraudulent human behaviors.
- bsder 9y ago> One of the biggest flaws with cryptocurrency is that for all its mathematical and structural elegance, it rolls back almost all of the features that mitigate fraudulent human behaviors. Those aren't flaws; those are features. Bitcoin was meant to serve a very small number of people attempting to evade the laws surrounding currency exchange. The fact that it could be propagated as a pyramid scheme (mining gets vastly more expensive the later you "buy in") was marketing genius.
- Frogolocalypse 9y agoErr no. Bitcoin was invented as a hedge against inflation. It is delivering on exactly this promise in spades.