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Cryptocurrency became popular as a result of the increasingly obvious dysfunction of the fiat monetary system. Unfortunately, this dysfunctional monetary system
by cryptica 4y ago
Cryptocurrency became popular as a result of the increasingly obvious dysfunction of the fiat monetary system.
Unfortunately, this dysfunctional monetary system which crypto was meant to replace has managed to take control of crypto and has turned it into a parody of itself.
Still, it's difficult to think of a better alternative to cryptocurrency to replace the current failing system.
The best we can hope for is that fiat proponents will keep deploying their endless printed fiat currencies towards the continued corruption of the crypto ecosystem until they destroy all of society and their own monetary system along with it - They will keep systematically feeding the greed, deception, inefficiency, incompetence and insanity until it takes over everything.
In their quest to discredit the cryptocurrency ecosystem, fiat proponents are also discrediting their own monetary system. It's a self-destructive and mutually-destructive race to the bottom.
- tempodox 4y agoI think it's naïve to assume the technical implementation of a monetary system will change human nature. Dysfunction and corruption are not technical problems.