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By killing the revolution. More money = more mining power, more trading power, ICO pumps and dumps that rose the overall crypto market volume, raising the hype
by thecupisblue 6y ago
By killing the revolution.
More money = more mining power, more trading power, ICO pumps and dumps that rose the overall crypto market volume, raising the hype and earned millions in the process for the early buyers/minters. The game was never equal.
Want to buy BTC? Get your ID ready, or do a local exchange which is quite inconvenient.
The revolution died as soon as you could a profit out of it.
- krupan 6y agoYes, some of what you describe could be done with Bitcoin, but Please do not confuse Bitcoin with “the overall crypto market” where all of what you described actually took place. KYC and government regulations are a pain, but the core decentralized, limited supply, secure nature of Bitcoin will remain fully intact. Rich and powerful people have already tried to take it over, they ended up with their own forks and you can judge how those have done.
- thecupisblue 6y ago>KYC and government regulations are a pain, but the core decentralized, limited supply, secure nature of Bitcoin will remain fully intact. >decentralized How much of BTC is owned by large miners? >Limited supply If we can't mine more, those with the larger supply have control. >secure For now. Blockchain as the idea will propagate and is great, but bitcoin has failed. >Please do not confuse Bitcoin with “the overall crypto market” But it's value is quite tied to the crypto arket, isn't it?