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Given all the issues in regards to exchanges i.e. fraud, theft and relative difficulty in getting out, I wouldn't trust cryptocurrency at all.
by jsymolon 9y ago
Given all the issues in regards to exchanges i.e. fraud, theft and relative difficulty in getting out, I wouldn't trust cryptocurrency at all.
- pmarreck 9y agoWhat you don't realize are that your arguments here are actually anti-noncryptocurrency. Transactions done only in the cryptocurrency have no such disadvantages, at all. Those are all issues with conversion to and from fiat, and thus arguments against fiat. At some point, maybe not with Bitcoin, maybe not with Ether, but at some point, there will be a tipping point. Probably with the next country whose fiat fails (venezuela?)
- jsymolon 9y agoNot sure what to say to that other than the Kool-aid must be good. Here's the thing, i want to be able to pay bills and be relatively insured against losing to a con man. Currency must be boring, reliable, trustworthy. Examples of the Wiemar Republic Mark, Zimbabwe Dollar and other examples of hyper-inflation are reasons why it must be consistent. Not 10,000 one day and 8,000 the next. That's gambling. Right now CC is a non-starter as i can't get my daily needs met using it. It's a pyramid scheme full of shysters and people trying to get rich quick. How do you vet that an exchange won't pull something ? I want a boring finances. Yes there are issues with fiat but i can go, put a dollar in, come back and still have a dollar. Not 0 and some excuse "hacked!". https://www.scambitcoin.com/blacklist/ https://www.scambitcoin.com/blacklist/