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I'm neither "pro Bitcoin" nor "anti Bitcoin". I don't own any Bitcoin and never have, but it's not because I'm against it. I just haven't needed it. What I am,
by mindcrime 5y ago
I'm neither "pro Bitcoin" nor "anti Bitcoin". I don't own any Bitcoin and never have, but it's not because I'm against it. I just haven't needed it. What I am, is skeptical of BTC as a speculative commodity that should be treated as an investment. I don't need more stuff to invest in... what I find appealing about the idea of crypto-currencies in general is their use as a currency.
And in that regard, I find something like Monero, which specifically has anonymity as a feature, more appealing. And then all the "smart contract" / "programmable money" aspects of things like Ethereum also have some appeal, but not enough to date to where I've bothered actually buying any.
All of that said, I want a viable crypto-currency - that functions primarily as a currency - to exist, as something that's outside of government control, and ideally something that allows for anonymous transactions. I'm just not sure we have it yet. Maybe it's Monero, or maybe we're still waiting for The One. I don't spend enough time on this topic to be sure.
- CogitoCogito 5y agoThis is essentially my view as well. I also have never owned bitcoin. I personally am not really bothered that bitcoin can be used for illegal transactions. I find much of legal industry to be morally wrong anyway. That said I find the speculative nature totally ridiculous and it basically keeps me from ever touching it as currency. Same for the high transaction costs. And the fact so much energy goes into it is also quite irritating. Mining should eventually not make economic sense (which is good), but with the never ending price growth it seems like we'll just keep mining forever.