Post
Topic
Board Economics
Re: I hate Cryptocurrency
by
Instamined
on 17/04/2017, 13:40:28 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

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
He must be an alien, lets welcome him back to earth and perhaps dispatch him to the Amazon forest to gain first hand knowledge of how things work ere on earth. Btw, dont we have the Dollars, Euros and Pounds trying to out do one another on daily basis?
Don't misunderstand me, I never left.