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The more I learn about it the less useful it seems. Most of what you could do with it can be done with a proper database, and as for setting up something that c
by michaelbrave 5y ago
The more I learn about it the less useful it seems. Most of what you could do with it can be done with a proper database, and as for setting up something that can exist without authority, well that ends up causing all kinds of problems when mistakes are made or someone is swindled, making it into an entirely "buyer beware" kind of market, which of course is ripe for scammers and con-artists. There is also the argument that the authority just shifts from a place that is regulated to whoever owns the most compute, which to some seems liberating but to me feels precarious.
That said all of my millennial friends that have gained some wealth without working at google or being a high profile accountant/lawyer all gained it via bitcoin and alt-coin speculating, in some ways it seems to be the only viable method to do so right now, but I believe governments will crack down on it and regulate it soon, which will likely stabilize it enough to keep any massive gains from happening in the future. Also it could just be one of those hot potato style bubbles like the .com crash where whoever is left holding the expensive bag gets a loss while those who sold just before ended up rich.
- deleted 5y ago[deleted]
- nickthemagicman 5y agoGovt crackdown is a good reason to invest in Monero.