It has recently become clear that crypto in general is a scam.
>muh store of value nope
>muh code is law nope
>muh quantum resistant nope
Though what I find most disturbing about crypto is how this is being peddled to millennials as some type of "revolution". A revolution where you literally do nothing but sit down at a screen and look at charts all day.
How has our generation grown so weak and pathetic? We've fallen straight into the clutches of powerful people when we thought we were doing the opposite.
Isaac Martinez
oh look, its another "crypto is a scam" thread. yawn.
Nicholas Jackson
Perhaps the original idea of crypto had good intentions. But when you seen banks like Goldman Sachs now buying up Poloniex, I think this shit was already being controlled years ago.
Jacob Murphy
peddled by who? Literally everyone who isn't a millennial thinks this is a scam
Zachary Rodriguez
Do you think this is the only place people come for info?
The internet is available to check things you posted and you’ve been found retarded.
Parker King
anyone that is using an exchange that requires verification is trampling over the original intention to begin with.
this will all just lead to decentralised exchanges getting A LOT more support so its all good
Ethan Jones
>If banks are interested, it's a conspiracy. >If banks aren't interested, it'll never take off.
Kayden Wilson
Anyone who calls crypto a "scam" is so ignorant of the economic climate that he reveals himself a dullard
Leo Walker
>decentralized exchanges >kyc laws pick one
Liam Reed
I mean the SEC is so fucking cucked their willing to go on national TV and say they don't want to ">muh stifle innovation" by shutting down all these ponzi schemes, so desu I wouldn't be surprsied if they repealed KYC just to support BTC
I mean ffs, is the Fed just gonna roll over and let the money supply be controlled by a bunch of chink miners?
Unreal autism from SEC / CFTC
Austin Cook
This guy knows.
Mason Ward
>I mean ffs, is the Fed just gonna roll over and let the money supply be controlled by a bunch of chink miners? also they're*
Hudson Brooks
you're about as delusional as the people on the other side of the spectrum saying bitcoin will reach unimaginable heights in future.
try to understand something before you discuss it. I know that can be difficult
Daniel Ortiz
You may need to go back and read what I wrote because I said that exchanges that have verification ie KYC are going to get BTFO by decentralised exchanges
Easton Hernandez
it was circle, not goldman
Nolan Lewis
You're probably right, but here's my perspective: I'm a nocoiner who loves the idea of a decentralized currency but have yet to see one that satisfies my vision of how a decentralized currency should operate. What do?
Joshua Scott
write a whitepaper pay somebody to write a whitepaper
Nathan Wood
I don't want an ico, I just want to starve the banks to death.
Logan Gutierrez
its probable most coins are scams or will at least have the same fate, due to over competition. however that doesn't mean there can't be one or more Wall St. led pumps before it all crashes down. I'd assume Wall St bankers are frothing at the mouth to get a chance at 10x or 20x investment returns. Pump that bubble high as fuck and then the bankers get out before it pops. I think the bubble will re-appear one day, maybe after they have dropped prices so low that it shakes out some of the whales.
Christopher Green
You need to wait until bitcoin actually becomes stable in price so that vendors aren't scared to death over accepting it.
When will that happen? Your guess is as good as mine.
Sebastian Lewis
>Op says it a scam because he says so. >doesn't back it up and doesn't understand what decentralization means.
> being peddled to millennials
You had at at millienials. This is where i know you are spewing propaganda and bullshit because you're too old to comprehend the idea. You're just a , how should I say, a "salt no coiner."
Get bent, dumbfuck!
Nathaniel Jenkins
Wait 6-9months trust me.
Mason Williams
The tech is still very young and there are (in my estimation) two main technological issues that need to be solved before the next big crypto bull-run/adoption phase:
>decentralized oracles
This is crucial since crypto is suppose to be a direct disruptive for the fin tech sector.
We have smart contract platforms already (which will become more efficient in the future still) but we don't have a way of feeding these smart contracts any sort of real world data in a reliable secure way.
If investors and entrepreneurs wanted to create trustless blockchain based future contracts (for example) that paid out based on real world data (time of contract expiring and price at the time of expiration) contracts would need a better oracle that Oraclize since its faulty and prone to failure or compromise.
This is trillions of dollars that can even begin to transition into the blockchain due to no working decentralized oracle.
>Decentralized hosting/computation
Being able to have an application perform computational tasks (querying databases, math, hosting, etc) in a decentralized fashion and serve any user the result is another hurdle that has to be solved.
Once this become a reality, extremely efficient decentralized exchanges for crypto, futures, stocks, and gambling will become a reality overnight.
I think this year we might get both of these tech advances in a similar way that we got Ether and smart contracts in 2015.
Jose Gutierrez
im dissapointed in this board. maybe this really is reddit crypto afterall
give me one good reason why crypto scam threads are not healthy to this board and crypto. the more normies who come to this board and get fudded out of buying, the more coins for us
Charles Wright
good job now shh, we need to unload on normies
Jeremiah Kelly
He knows how to be a pretentious twat
Asher Bailey
This sounds like LINK and RLC.
Blake Perez
>muh x not an argument
Evan Cruz
You know if you trade forex, futures, options, or stocks you would also be "literally do nothing but sit down at a screen and look at charts all day." Welcome to the trading world.
Ryder Mitchell
They dont care, they just hate crypto.
Joseph Allen
You think Circle just pulled 400 million out of their ass? It was all done by Goldman, its too fucking obvious.