1/ IT'S TIME FOR ME TO REVEAL A FEW THINGS. I've just published a post "Shame On Washington, DC For Shooting A Messenger Who Warned Of #Crypto Debacle." Link to post is here:
https://t.co/yTWWrEk3Os
I let out a smirk when I read the news but celebrating this is a bit short sighted. Exchanges are part of a troika (along with coin promoters and coin rankings sites) that all profit by extracting wealth from unsophisticated investors.
https://t.co/apFAiYJKJv
An asset like Bitcoin cannot rise steadily over years as adoption advances. For upon seeing an asset rise by, say, 5% per month for XX months, rational actors will front run that growth, causing inevitable bubble and burst. There is no other way.
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.
"A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990's. I hope it's obvious it was only the centrally controlled nature of those systems that doomed them. " - SN
Majority of altcoins are just companies. Wake👆🏻
I love this technology and community. I’ve found it to be deeply principled, purpose-driven, edgy, and…really weird. Just like the early internet! I’m excited to get to learn more directly.