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Look, one problem with crypto is that there exists anonymous super-whale actors that are using it to siphon money off of smaller average-joe investors. No doubt
by pelorat 5y ago
Look, one problem with crypto is that there exists anonymous super-whale actors that are using it to siphon money off of smaller average-joe investors. No doubt some of these actors have nation-state backing (China, Russia, Iran...)
The other problem is that for every idealist crypto supporter, there's exists another thousand crypto investors who have only one intention; to convert their investment back to fiat at a profit.
The latter (the 99.9% super-majority) ensures that crypto, no matter its supposedly idealist origins, are intricately linked to fiat (virtual fiat at that).
In fact crypto has gone from being a form of anti-banker for-the-people idealist payment options to being a form of virtual faith-based shares whose value is literally linked to nothing.