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You are missing the point of crypto in general. It is a trust less fixed inflation and issuance decentralized non government controlled global currency
by biolurker1 7y ago
You are missing the point of crypto in general. It is a trust less fixed inflation and issuance decentralized non government controlled global currency
- Barrin92 7y agoit is none of these things. The value of cryptocurrency swings wildly, the primary way to interact with it is through exchanges which are ordinary trusted institutions, and they are far from globally useable. What you are missing is that I need to pay my bills in practice, not in theory. I measure the value of cryptocurrency against what it delivers in practice, not on the white paper of the people who are going to benefit from its adoption.
- biolurker1 7y agoI have paid numerous things in bitcoin and you can even pay some bills. People do exchange it directly just not in your circles. I'm not saying that adoption is massive yet but you need to differentiate the idea with the current status. Value is in price discovery mode and will be for the foreseeable future but the volatility is going down. Lastly you can argue without down voting different opinions.
- UncleMeat 7y agoIt seems to me like the risk of a Kong crash is much larger than the risk of most local currency crashes.