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Centralized. Manipulated. Unpredictable issuance. Subject to censorship. Among a few.

scoopertrooper 5y ago
> Centralized. Manipulated. There is widespread manipulation in the crypo market. The difference with crypto is that there are no regulations that even attempt to hinder it. https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dump-group https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dum... https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam_alert_please_report_this_massive_pump_and/ https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam... https://www.researchgate.net/figure/Example-of-a-pump-and-dump-chat-group-with-over-40-000-members-Left-Telegram-group_fig5_329193706 https://www.researchgate.net/figure/Example-of-a-pump-and-du... > Unpredictable issuance. Perhaps in theory, but USD has proven to be a far less volatile store of value than Bitcoin and Etherium, which have both been through the equivalent of hyperinflation and hyperdeflation over the past decade. > Subject to censorship. Currency is not subject to censorship, such a thing would be impossible. Certain payment providers have refused to process payments to various individuals, but such a thing would be possible in the crypto space as well.
- phasnox 5y ago
  > but USD has proven to be a far less volatile store of value than Bitcoin If by less volatile you mean gradually losing value, I mean yeah.. But is that a better store of value? > such a thing would be possible in the crypto space as well. Nope, that is literally impossible with Bitcoin. Hitler could open up a shop, and no one could stop him from receiving payments.
- herbst 5y ago
  If you look at a graph from 1 2 or 3 years for USD and Some popular cryptos it gets really obvious which one loses relative value and which one doubles or tripples value every other year. USD is a horrible value storage in the last year's if you deal outside of USD

> Centralized. Manipulated. There is widespread manipulation in the crypo market. The difference with crypto is that there are no regulations that even attempt to hinder it. https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dump-group https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dum... https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam_alert_please_report_this_massive_pump_and/ https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam... https://www.researchgate.net/figure/Example-of-a-pump-and-dump-chat-group-with-over-40-000-members-Left-Telegram-group_fig5_329193706 https://www.researchgate.net/figure/Example-of-a-pump-and-du... > Unpredictable issuance. Perhaps in theory, but USD has proven to be a far less volatile store of value than Bitcoin and Etherium, which have both been through the equivalent of hyperinflation and hyperdeflation over the past decade. > Subject to censorship. Currency is not subject to censorship, such a thing would be impossible. Certain payment providers have refused to process payments to various individuals, but such a thing would be possible in the crypto space as well.

phasnox 5y ago
> but USD has proven to be a far less volatile store of value than Bitcoin If by less volatile you mean gradually losing value, I mean yeah.. But is that a better store of value? > such a thing would be possible in the crypto space as well. Nope, that is literally impossible with Bitcoin. Hitler could open up a shop, and no one could stop him from receiving payments.
herbst 5y ago
If you look at a graph from 1 2 or 3 years for USD and Some popular cryptos it gets really obvious which one loses relative value and which one doubles or tripples value every other year. USD is a horrible value storage in the last year's if you deal outside of USD