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Honestly I hear this a lot from crypto advocates, but it just seems like wishful thinking on their part. There are a ton of legitimate complaints about cryptocu
by tedivm 3y ago
Honestly I hear this a lot from crypto advocates, but it just seems like wishful thinking on their part. There are a ton of legitimate complaints about cryptocurrency that come up, and the fact that after a decade the field still hasn't made any real progress is telling to me. At this point the "shitcoins" have mostly collapses, NFT has been devalued, and use cases seem to be disappearing. While I do think things like migrating away from proof of work have been helpful, I still don't believe that we're going to see larger adoption.
I do think you are right that this is a topic where emotion strongly gets in the way of reason, but I think the people lacking reason are the advocates and not the critics.
- junofan 3y agoWhat progress do you want cryptocurrency to make? They’re bearer assets. You can go pay people with them today.
- imtringued 3y agoThe most obvious first step is to stop all initial coin offerings against money. If the cryptocurrency is a security, then that is ok, but there are some regulations that need to be followed. In the EU there are plenty of companies willing to manage a security token offering for your company. A security token is basically a cryptocurrency that acts as an informal stock.
- junofan 3y agoI don’t see what that has to do with cryptocurrency like Monero, the topic of this post.