4 ms·
>lots of people are hasty to throw out the old without really understanding it There's enough wrong with the current financial system to make it worth trying n
by 0xDEFC0DE 7y ago
>lots of people are hasty to throw out the old without really understanding it
There's enough wrong with the current financial system to make it worth trying new things even if they don't work out. I think what bugs us is that Facebook is marketing this already. Cryptocurrency is definitely not something I want to replace the current financial system though.
- bad_user 7y agoWhen speaking of finances, a trying things out mentality and failure can lead to a lot of value being wiped over night. When the bubble bursts, if enough value disappears, we are then faced with an economic recession. Not saying that we shouldn't try things out, but many people right now are conned to invest in Bitcoin alternatives that are the new ponzi schemes.
- lostmymind66 7y ago"There's enough wrong with the current financial system to make it worth trying new things even if they don't work out" Is it really though when 'not working out' means that someone loses their entire life savings?
- 0xDEFC0DE 7y agoThis is why I said I don't want to replace the current system with cryptocurrency. Retail investors weren't prepared to handle the technical requirements. Part of that is on regulators, the other is on naive investors, another part on conmen. At some point you have to have accountability for the result of putting your entire life savings into a new, untested technology.