Post
Topic
Board Bitcoin Discussion
Re: Air, Water, Bitcoin
by
Mike Mayor
on 29/01/2020, 17:14:01 UTC
Past human history is checkered with currency manipulation and conflict..

Bitcoin and cryptocurrency has been filed with manipulation and conflict! We've seen fraud, theft, in-fighting, consolidation of mining operations, blockchain hijack attempts (in the form of forks), and more theft. There's nothing about cryptocurrency that is inherently peaceful or humane.

Cryptocurrency/blockchain offers more freedom to users. We are no longer controlled by an intermediary called a bank, we are the managers of our own financial system, if we want to be. It's in that freedom that come greater choice and control, but it also requires greater knowledge of how the system works and the risks involved.

I appreciate your positivity, but let's be honest here. Cryptocurrency is like the wild west!

I am also still very positive about Bitcoin but I would agree, I myself being a victim of hacking and theft, have lost a lot of my hard-earned money to cyber and Crypto criminals. I have lost more from criminals stealing my Bitcoin and other coins than I have ever had with real-life FIAT. Having said that, I am still a big advocate of decentralization and would not change being a part of this movement. I just wish there was less criminality in this space and ardent greed. There is just too much of it right now to attract the average Joe to come in and mass adoption to take place. We need more safeguards for that to happen.

You can blame peoples greed for that. People who fall for scams and the like just encourage the criminals even more. The way some people blidnly follow links and then wonder why their funds are gone. Mostly is is people not being responsible that get hacked and have their funds stolen. Any crack you leave the criminals will come in and take. It isn't always the victims fault though, sometimes you get really vlever criminals but on average they pretty stupid.