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Crypto has been scams for years, all the way back to Mt. Gox. Social benefit comes from payment systems that provide safety and stability, not risk and volatil
by bduerst 5y ago
Crypto has been scams for years, all the way back to Mt. Gox.
Social benefit comes from payment systems that provide safety and stability, not risk and volatility.
- poundofshrimp 5y agoThis is clearly a chicken and an egg problem. You can’t have stability until crypto is used in the mainstream and has a much greater mass overall, so that short-term speculations don’t result in massive volatility.
- bduerst 5y agoThat's not true at all. Most currencies are controlled by central banks who actively maintain them to reduce volatility and risk. It's not because of mass or momentum or some other physics term. Cryptocurrency by design doesn't have this and will always be open to speculators or other rational bad actors manipulating their asset markets.