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I find people's response to crypto really odd. It's either the messiah or the ultimate evil. There seems to be no in between in people's opinions...
by LatteLazy 4y ago
I find people's response to crypto really odd. It's either the messiah or the ultimate evil. There seems to be no in between in people's opinions...
- danuker 4y agoI hold an in-between opinion. I believe cryptocurrency is one asset (of multiple ones including gold) that can not be debased by the government, and as such forces the government to be financially accountable (I include central banks under "government"). I also believe lots of them offer a wasteful amount of security - for instance, Bitcoin secures almost $1.2M per hour against double-spending: https://www.crypto51.app/ https://www.crypto51.app/ I also think Bitcoin's inflation should be curbed. Only specialized mining operations benefit from the inflationary mining subsidy. Once inflation is reduced, miners will be limited to spending from transaction fees, not from the future.