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
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
I don't really see what's wrong with that
Namely, how and why it would (should) be better if there were limited hours for trading? It looks more like you missed some price movement leaving you in the red while you were asleep (away) and now come here cursing cryptocurrencies turning the air blue. Regarding everyone trying to get advantage over the next person, this is how everything around us works. The whole evolution hinges on that (so-called "survival of the fittest"). Ultimately, though, it could be said that we are all mercilessly exploiting nature by decreasing entropy inside us by increasing it outside. I guess, you will have to reconcile yourself to that and live with it
This is a great advice. Not only for the OP but for me personally too, because sometimes I also think "Why do we need all those altcoins if we know that nothing will replace Bitcoin in our life time?" But you are absolutely right. Evolution is impossible without diversity. Who knows, maybe in the far future another coin will win. (But not in our lifetime
)