Frankly, I can’t judge the merits of this article because I lack the knowledge required. But I think at this point we know that all cryptocurrencies are ‘greater fool’ “investments”. [1] They are in every way totally irrelevant and detrimental to society. Governments are unfortunately slow to crack down on the exchanges, although progress is being made. And that effort is essential to battle the cancer that is the ra…
I equally find it strange that people continue to come to hackernews- the Silicon Valley VC startup land - and can’t grasp that the infrastructure for programmable money might have some value. And write off p2p communication and coordination tools as zero-sum/ fraudulent games. And then wish for the government to ban other people’s jobs and hobby’s and communities because they don’t like it. Blows my mind that people…
And it has, Central Banks are creating their own digital currencies for digital wallets. They aware based on real needs for speed, volume, security, trazability, etc.
> the infrastructure for programmable money might have some value
I think that people understand cryptocurrencies quite well, and from that knowledge comes the skepticism.
> wish for the government to ban other people’s jobs and hobby’s and communities because they don’t like it
I want it banned because people with unsofisticated knowledge of economics and technology are being scammed out of their money by snake oil salesmen. But, that is not needed. As soon as normal accounting guaratees are required it probably will call by its own weight.
I know people working hard jobs putting hard earned money into this scam trying too get money to better their lives. It breaks my heart to thing that they are being lied in such a way, this study suggests is all manipulation, and that is my experience with everything related to cryptocurrencies. The sooner it gets regulated the better.
