Quote from: Tinno on May 22, 2019, 08:06:54 AM

Quote from: mayax on March 19, 2018, 09:53:24 AM

- exchanges that don't give a fuck and are not even hiding blatant wash trading, tape painting and spoofing.

- pump and dump groups with thousands of members on telegram dedicated to inflate the value of the coins of their choice and then dump their bags on poor bag holders who fund their gains before they run the thing to the ground.

- hackers who hack websites, wallets, exchanges, smart contracts

- scammers of all kind

- exchanges that will randomly confiscate your money and then you wait for months for customer support response, criminals

- 99% of icos are blatant cash grabs with no useful product or working prototype whatsoever and they are going to fail.

- miners that waste incredible amount of energy to mine mostly worthless funbux, ruin gpu market and occasionally enjoy cheap, even subsidized electricity while providing pitiful amount of new jobs.

- Crypto investors (speculators) who heavily shill their coins and fight with each other like a bunch of retarded children over whose funbuck is the god and which is worthless trash.

- "captains of the industry" who think they're next Edisons or Nikola Tesla while in fact they're making overpriced pogo sticks at best.

Hard, but it is, and do not forget that this is a crypto, a new decentralized world.

Hard to say it's really decentralized. When people speak about decentralization, they ussually omit the most important word regarding this notion: level of decentralization. Is bitcoin fully decentralized? Hardly! 80% of mining capacities are centralized in China. Just one country collected 4/5 of all ASICs. Once mining is banned in China, a huge collapse can happen with pending transactions hanging in the memory pool.
So, be very accurate and careful when you speak about (de)centralized systems.