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.
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.
Regulated banks do the same thing.
Instead of alt coins, pre mined junk coins or faux coins, they create derivatives.
Deutsche Bank has more in junk derivatives than the eurozone has GDP.
Regulation doesn't eliminate fraud in the financial sector, it is only used to prevent those other than banks from committing it.