4 ms·
> Only reason people jump on cryptocurrencies is their pyramid scheme type nature, get in first or lose out. Or they see benefits in the technology? > People
by hackingforfun 5y ago
> Only reason people jump on cryptocurrencies is their pyramid scheme type nature, get in first or lose out.
Or they see benefits in the technology?
> People want to spend currencies, why would you ever spend bitcoin when it's designed to always increase in value?
It's possible some of the other cryptos are more suited for currencies. Bitcoin may be more of a store of value like gold, or maybe it's volatility will decrease over time and it would be more suited for a currency. Right now we don't know, but I'm not going to write off the whole sector due to that.
> Governments are their citizens, they're just people we picked. If you hate the people that are running, there's a built in solution, get someone better to run. That's the fundamental part of democracy, anyone can run for office.
I think the normal citizen is so far removed at this point. At least in the US, it's essentially a two party system, and they are both rather full of shit. I still vote though, because why not? But I don't think the system is working well.
> Why is a central control over money supply bad? Lets you attempt to control the boom/bust cycle.
I hold USD. I'd like for it to stay valuable. I have a government that seems to value equities more, and wants people to spend their USD. They print and borrow money like there's no tomorrow. I think this is a bad option, and I'd like there to be alternatives.