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You have a valid point, but so do the other commenters. The difference is with you it dangerously verges on religion. Everyone is betting on an outcome but no
by chaostheory 5y ago
You have a valid point, but so do the other commenters. The difference is with you it dangerously verges on religion.
Everyone is betting on an outcome but no one knows the future unless they are a fly on wall in various political offices.
Imo ignoring everything about crypto, all I know is historically government’s will take drastic measures to protect their currency. Gold ownership was banned for decades in the 20th century. Of course, this revelation doesn’t matter for crypto that’s truly decentralized. The problem is that the major ones aren’t decentralized. To make matters worse, transactions are neither fast or cheap, which makes a reliance on brokers a necessity, which is also another vector that governments can use for attack. There’s no near guarantee on anonymity either unless it’s Monero
Tether’s very existence helps bolster my point.
- TomSwirly 5y ago> no one knows the future If you read history, you have a pretty good idea of what happens to a "market" like tulips or the South Sea Bubble where there is no actual products or cashflow.