Post
Topic
Board Economics
Re: I hate Cryptocurrency
by
Monnt
on 19/04/2017, 11:49:28 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.

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.
I think you just want some attention. You haven’t listed anything that amounts to an argument at all. You don’t like bitcoin because there are other coins that use bitcoin to help themselves? Why does that even matter. And you don’t even mention why your absent of arguments outweighs the benefits of crypto-currencies. I don’t think you know what your talking about.