Things cryptocurrency enthusiasts probably won't tell you
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Re: Things cryptocurrency enthusiasts probably won't tell you
#2(9) The Regression Theorem of Mises
Re: Things cryptocurrency enthusiasts probably won't tell you
#3Most cryptos are definitely pump and dump ponzis designed to eat your money, there is definitely a technocracy-like barrier for entry if you want to join the crypto bandwagon. Focus your time and energy on BTC, ETH and an anonymous coin like XMR. Any other offering should be met with skepticism.
Re: Things cryptocurrency enthusiasts probably won't tell you
#4I'm not sure what the author wants bitcoin to be. They are correct in pointing out the various scams that litter bitcoin, but they also seem to want to shut out crime (silkroad et al) with better analysis tools and centralization. Without the various scams pumping the price criminals are the only ones who would be using bitcoin, as they are locked out of the much simpler & easier to use alternatives that any normal person will use.
Re: Things cryptocurrency enthusiasts probably won't tell you
#5There is still no legitimate use of bitcoin beyond niche markets and speculation. Besides maybe a very risky (as in unpredictable value on delivery) method of money transfer. It is and has always been a criminal and launderer toy.
I am very excited by progress in Ethereum and see it as a model for a better way forward. Though I do not trust its maintainers and community to build a secure and reliable system. There have been far to many preventable losses due to their amateur efforts.
The future of crypto is exciting. The present currencies are the Diamond Rios and Creative Nomads of crytocurrency.
Downvote away.
Re: Things cryptocurrency enthusiasts probably won't tell you
#6I'm not sure what the author wants bitcoin to be. They are correct in pointing out the various scams that litter bitcoin, but they also seem to want to shut out crime (silkroad et al) with better analysis tools and centralization. Without the various scams pumping the price criminals are the only ones who would be using bitcoin, as they are locked out of the much simpler & easier to use alternatives that any normal p…
> they also seem to want to shut out crime (silkroad et al)
Is there much actual crime being facilitated by Bitcoin? I mean apart from the "things that are illegal now but they're going to be legal in a few years because one country started a misguided effort that everyone else blindly followed" crime.
Re: Things cryptocurrency enthusiasts probably won't tell you
#7What about blantant market manipulation?
https://hackernoon.com/meet-spoofy-how-a-single-entity-domin...
Re: Things cryptocurrency enthusiasts probably won't tell you
#8I'm not sure what the author wants bitcoin to be. They are correct in pointing out the various scams that litter bitcoin, but they also seem to want to shut out crime (silkroad et al) with better analysis tools and centralization. Without the various scams pumping the price criminals are the only ones who would be using bitcoin, as they are locked out of the much simpler & easier to use alternatives that any normal p…
I suspect the author thinks Bitcoin should not exist. If you could "fix" all these complaints there would be nothing left.
Re: Things cryptocurrency enthusiasts probably won't tell you
#9I'm not sure what the author wants bitcoin to be. They are correct in pointing out the various scams that litter bitcoin, but they also seem to want to shut out crime (silkroad et al) with better analysis tools and centralization. Without the various scams pumping the price criminals are the only ones who would be using bitcoin, as they are locked out of the much simpler & easier to use alternatives that any normal p…
I suspect the author thinks Bitcoin should not exist. If you could "fix" all these complaints there would be nothing left.
From the article's final remarks section:
> The empirical data and stories above do not mean that investors should stop trading all cryptocurrencies or pass on investing in blockchain-related products and services.
> To the contrary, the goal of this article is to elevate awareness that this industry lacks even the most basic safeguards and independent voices that would typically act as a counterbalance against bad actors. In this FOMO atmosphere investors need to be on full alert of the inherent risks of a less than transparent market with less than accurate information from companies and even news specialists.
> Cryptocurrencies aren’t inherently good or bad. In a single block, they can be used as a means to reward an entity for securing transactions and also a payment for holding data hostage.
Re: Things cryptocurrency enthusiasts probably won't tell you
#10Most cryptos are definitely pump and dump ponzis designed to eat your money, there is definitely a technocracy-like barrier for entry if you want to join the crypto bandwagon. Focus your time and energy on BTC, ETH and an anonymous coin like XMR. Any other offering should be met with skepticism.
I would add LTC to your list, but besides that I don't know why you're being downvoted.