You Can Forget About Crypto Now
theatlantic.com
You Can Forget About Crypto Now
1–10 of 238 posts
Re: You Can Forget About Crypto Now
#2>> Fried, after all, was supposed to be crypto’s good-guy wunderkind, the pro-regulation prophet who would finally lead crypto into the mainstream.
That's rule number one in crypto and the very reason it motivates its existence: You shouldn't trust a 3rd party with your money.
Let the "crypto investors" learn this lesson first hand.
Re: You Can Forget About Crypto Now
#3> despite the ricketiness of the whole system, despite the constant feeling that everything might fall apart at any moment, there will come a time when crypto really arrives.
For me crypto was always Ponzi scheme and nothing more, but it is because I don't laundry money or sell drugs, so I am not the target for crypto.
Re: You Can Forget About Crypto Now
#4[deleted]
Re: You Can Forget About Crypto Now
#5>> Fried, after all, was supposed to be crypto’s good-guy wunderkind, the pro-regulation prophet who would finally lead crypto into the mainstream. That's rule number one in crypto and the very reason it motivates its existence: You shouldn't trust a 3rd party with your money. Let the "crypto investors" learn this lesson first hand.
Which is also what makes it impossible. Trust is a prerequisite to any commercial exchange, since it requires at least two different parties. Big centralized systems use a third party for “scam protection”. Math alone can’t replace trust.
Re: You Can Forget About Crypto Now
#6I can't imagine this ageing well.
It doesn't feel different. The evangelists will hurt and the whole crypto industry is set back, the cynics gloat and revel in the schadenfreude and claim for the 748th time that crypto is dead... Until 12 months later when we do it all over again.
It's not the biggest, it's not the first, it won't be the last, it's nowhere near the most catastrophic. At least let the dust settle before making such bold declarations. Any such declaration at this point is more hope than expectation.
Re: You Can Forget About Crypto Now
#7I can't imagine this ageing well. It doesn't feel different. The evangelists will hurt and the whole crypto industry is set back, the cynics gloat and revel in the schadenfreude and claim for the 748th time that crypto is dead... Until 12 months later when we do it all over again. It's not the biggest, it's not the first, it won't be the last, it's nowhere near the most catastrophic. At least let the dust settle befo…
He writes for Coindesk and Decrypt, journalist are hard to take seriously when they're paid by both sides.
Re: You Can Forget About Crypto Now
#8Crypto is fine. Its centralized exchanges which are not, its why crypto exists, remove the human element of corruption.
Keep your coins off 3rd party exchanges and 99% of this drama disappears.
Re: You Can Forget About Crypto Now
#9I can't imagine this ageing well. It doesn't feel different. The evangelists will hurt and the whole crypto industry is set back, the cynics gloat and revel in the schadenfreude and claim for the 748th time that crypto is dead... Until 12 months later when we do it all over again. It's not the biggest, it's not the first, it won't be the last, it's nowhere near the most catastrophic. At least let the dust settle befo…
He writes for Coindesk and Decrypt, journalist are hard to take seriously when they're paid by both sides.
And I thought that journalists could only serve the readers. Apparently, there is a second side too.
Re: You Can Forget About Crypto Now
#10> despite the ricketiness of the whole system, despite the constant feeling that everything might fall apart at any moment, there will come a time when crypto really arrives. For me crypto was always Ponzi scheme and nothing more, but it is because I don't laundry money or sell drugs, so I am not the target for crypto.
Where's the value in crypto? What's the purpose? Decentralisation? Democratisation? And then you have to use wallets, exchanges...
There's literally no value in crypto currency, but trust. Like plain old money, which is highly regulated, so much more stability to use it in real economy. So why should I use crypto currencies? And which one, given that everyone can create their crypto currency?