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They may dislike the current state cryptocurrencies are in while fully supporting the underlying idea.
by kbwt 9y ago
They may dislike the current state cryptocurrencies are in while fully supporting the underlying idea.
- have_faith 9y agoThis really. Nothing against cryptos but have developed a distaste for the ecosystem in general. I was sold on the idea of a currency that could help people in third world countries with stupid banking policies but instead 99% of the money in crypto is speculation waiting to cash out to fiat.
- beaner 9y agoThere's definitely a lot of speculation. But much of it before the last 6 months was philosophically driven. I wouldn't say the vast majority is just waiting to cash out. A popular bitcoin meme is that once the price is high enough, you won't have to. (Because it will then itself be the currency that everyone uses and cashes out from other currencies into.)
- dullgiulio 9y agoI totally agree with you, but then again, if software doesn't solve a people problem, it's bad software. This is what you learn in your engineering career. Cryptocurrencies are technically amazing, and yet they fall short of actually solving any problem.
- AznHisoka 9y agoWhy does that matter? 99% of people investing in Tesla probably don't care about whether electric cars will help reduce pollution. They care if the stock goes up and it makes them money. That doesn't mean we shouldn't discuss the merits of electric cars.
- stu432 9y agoBecause to benefit from an electric car you don't need to care if the stock is overvalued or volatile. To benefit from crypto as a currency, you kind of need to not lose your life savings in the space of an afternoon due to volatility.