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It does good when your bank accounts get shut down, as happened to Wikileaks for example.
by kkjjkgjjgg 5y ago
It does good when your bank accounts get shut down, as happened to Wikileaks for example.
- oblio 5y agoThat's a super niche application, not a mass market use. And yes, I know about the supposed use for people in countries with unstable regimes but I'm not convinced at the moment. Plus that use case, being that of people generally having low disposable incomes (barring China) absolutely doesn't justify the market value of crypto at the moment.
- kkjjkgjjgg 5y agoInflation hits the masses, or in general money supply manipulation schemes. In the last few weeks, markets tanked just because the FEDs announced they plan to increase interest rates. Is that really how we want to go on?
- oblio 5y agoCryptocurrencies are only used for speculation. That's your best argument against regular currencies? That they're being manipulated, too? :-)
- kkjjkgjjgg 5y agoBitcoin is not being manipulated. You may be confusing it with Bitcoin markets and Bitcoin trading. Nobody can conjure Bitcoin out of thin air or manipulate interest rates on it.
- CRConrad 5y ago> Nobody can conjure Bitcoin out of thin air That's exactly what Bitcoin miners do: They take pure thin air and convert it into noxious power plant fumes. Pure air is what the odiferous Bitcoin is conjured out of.