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Why cryptocurrencies have gone from the next hot thing to a full-on meltdown
- Comevius 4y agoI don't like the cryptocurrency industry, it's a scam, just like Wall Street by the way, it's all an underregulated mess, but these articles about the imminent demise of Bitcoin are cheap shots.
- jqpabc123 4y agoThere are three kinds of crypto investors. Those who don't get that it's a scam. Those trying to get a piece of the scam. And those creating/controlling/running the scam who have everything to gain and nothing to lose.
- jqpabc123 4y agoBecause once you subtract everything that crypto is *not*, what you have left is a novel but highly inefficient accounting system. This accounting system may be "trustless" but the surrounding infrastructure and implementation known as the crypto "marketplace" is still highly based on trust and more often than not this trust has proven to be misplaced.