Post
Topic
Board Economics
Re: I hate Cryptocurrency
by
TRONTON
on 17/04/2017, 08:25:13 UTC
Well, I like the blockchain technology... but I have some major problems with it.

Instead of being regulated and utilized so it's a useful technology it's just become a giant faux-economy.


Exchanges, news, prices, altcoins. It never seems to end. Every coin is just feeding into bitcoin for profit. It wouldn't be so bad if there were limited hours for trading but of course because of how the blockchain works it is a 24/7 economy.

Everyone is just trying to one-up the next person by manipulating numbers to their advantage. Sure, that's a lot like the stock market but at the end of the day cryptocurrencies never produce anything other than more coins. Companies produce products and services.

Most every coin uses underhanded trolling tactics like hype accounts, insider bribes, and worse. There's nothing redeemable about the vast majority of this space.

I know there will be mostly defenders of the stupidity but god-damn it is truly ridiculous.

if you are looking for is hatred against the tricks and manipulations some coins in altcoin market, you should also visit the forex today, for every market is not wrong because it is liquidity and competition, although impressed perform a variety of ways to seek profits. You have to learn more about the theory of free trade before hating something. If you do not like free trade, please seek work in accordance with your wishes.