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It's gonna fix everything - misguided. It doesn't fix anything - also misguided. There is a shocking lack of people with medium opinions on crypto.
by reedf1 5y ago
It's gonna fix everything - misguided. It doesn't fix anything - also misguided.
There is a shocking lack of people with medium opinions on crypto.
- me_me_me 5y agoThose people don't care to voice their opinions strongly. I own bitcoin, but as an investment opportunity and solution to inflation and possible market crash. Next crash will have investors buying crypto instead swiss franks. BTC will not be money, ever. It will not replace money as, inflation and fiat currency manipulation by central banks are features. And those features in right hands can be very useful to tip economy in the right way. Countries inflate money to pay up foreign debt or stimulate their exports etc. If BTC or other similar crypto became global money those tools will become unavailable. No nation will willingly give up that control without any benefit in return. I am also luke-warm on the environmental damage crypto is causing, its not black and white issue, but I fully support proof of stake. There are argument crypto mining stimulates and drives demand for renewable. But also I want to be able to buy new GPU for price lower than a price of 10yrs old car. Crypto has a lot of gray area topics, sadly as with politics its mostly discussed only in black and white terms.