3 ms·
I agree with you that exchanges are the problem, in that you are just reinventing banks, but with worse regulation and extra steps, both cost and environmental.
by croon 5y ago
I agree with you that exchanges are the problem, in that you are just reinventing banks, but with worse regulation and extra steps, both cost and environmental.
I would though suggest that cryptocurrencies wouldn't be fraction of where it is right now without exchanges enabling everyones grandma to easily enter the casino and pumping up the pyramid scheme.
- cblconfederate 5y agoThen i would prefer if bitcoin falls down to $10000 and people start working on actually integrating these payments to the things i use every day (like, this browser?). It feels like we are living the era of future bubbles, where nobody wants to deliver anything because they are afraid that they will break the rally of their stock/coin. We should have a name for this weird era.
- moffkalast 5y agoWell bitcoin still has dollars in transaction fees, so that renders it useless for any day to day purchases. There are feeless blockchains like NANO which solve many problems but mostly get ignored because they can't be mined and people can't create currency out of thin air. What people are missing is that crypto is its own self perpetuating economy at this point, even if it's mostly scheme based.
- chewyland 5y agoBeautifully said.