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Thing is....it is until it isn't. The idea of a fully decentralized currency outside of the power of any Federal Reserve is incredibly exciting, it's no wonder
by blacktriangle 5y ago
Thing is....it is until it isn't. The idea of a fully decentralized currency outside of the power of any Federal Reserve is incredibly exciting, it's no wonder the current PTB are attacking crypto with every angle they can think of. OTOH, the current high fluctuation in crypto prices make it worthless as a currency since nobody wants to be the guy that would have been a millionaire had he not paid bitcoin for a pizza 3 years ago.
The upshot of this whole situation is that many people outside of tech circles are now buying crypto as a form of lotto ticket, except when the dust settles, a bunch of people will be holding crypto that they want to use. It's possible the current gold rush will help crypto go mainstream.
- hackerfromthefu 5y ago>> no wonder the current PTB are attacking crypto with every angle they can think of Whoa there mate, that's pure hyperbole - straight up FUD. If the government wanted to they could outlaw possession of cryptos - that would be attacking it. They have instead just wanted to levy taxes on it the same as all other 'investments' so their action very different to what you said. Can't bother to read the rest when your premise is just deceptive.