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While there's tons of unfounded mania going on in the crypto space, to paint it all as nothing more than Tulip mania is really pretty ignorant at this point.
by anonporridge 6y ago
While there's tons of unfounded mania going on in the crypto space, to paint it all as nothing more than Tulip mania is really pretty ignorant at this point.
- henvic 6y agoTheoretically, it's not all. It's possible to have a reasonable cryptocurrency backed by something tangible. In practice, all I saw so far was either pure fraud (USDT) or fiat currency (BTC). I'm a free-market capitalist/anarcho-capitalist so I want to see people free from the awful state-issued money, but these stupid cryptos we see are no better to use as a substitute. Eventually, we will probably see alternatives that make sense, but it might take a while.