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> Nothing has changed in crypto since 2011 > There will continue to be no use cases for crypto that absolutely anything else does better. Gonna need to 100% d
by bitxbitxbitcoin 6y ago
> Nothing has changed in crypto since 2011
> There will continue to be no use cases for crypto that absolutely anything else does better.
Gonna need to 100% disagree with that. There are plenty of reasons to bash on bitcoin and cryptocurrencies and PoW, and you're great at articulating them; however, completely discounting the work of thousands upon thousands of open source developers is getting kind of tired.
Also, I think what most cryptocurrency detractors are missing in terms of a mental block is an understanding of just how big the world's shadow economy is.
For arguments sake, tell me what you think is "better" than cryptocurrency for dark net market transactions.
Always happy to discuss :).
- Benmcdonald__ 6y agoMost of these projects are token sales and yes you can discount them as the technology is irrelevant to the scheme Winners in an ICO utility token sale (a gift card sale, not equity/money only marketed as such). Coin FOUNDERS that get a starting stake. Early INVESTORS that get coins at a discount. INSIDER traders that know when the positive media or coin listing will happen. EXCHANGES that get paid to list and pump the coin. Loser. You the bag holder
- wmf 6y agoAlso, I think what most cryptocurrency detractors are missing in terms of a mental block is an understanding of just how big the world's shadow economy is. I can imagine that law-and-order nocoiners think the shadow economy should be some combination of legalized or eliminated and neither case needs crypto.