As long as we have central banks, #Bitcoin will never be a widespread medium of exchange. I also seriously doubt the reliable store of value.https://twitter.com/MustStopMurad/status/1022169639386836992 …
Cryptocurrency Analyst. Bitcoin, not Blockchain. Angel Investor. Previously @Princeton.
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Sam Laakso Retweeted Murad Mahmudov 🚀
As long as we have central banks, #Bitcoin will never be a widespread medium of exchange. I also seriously doubt the reliable store of value.https://twitter.com/MustStopMurad/status/1022169639386836992 …
Sam Laakso added,
What a narrow-minded view. This is like saying as long as we have horses cars will never work.
As long as we have central banks, they won't let others create money out of thin air as that's their job. Not saying I approve fiat, just saying that authorities will not let that happen as they'd lose control. They can just make all cryptos illegal. Most wont break the law.
Others already are creating money from thin air. Bitcoin is already $130B in size. I believe it's the opposite. Those countries which ban it, will suffer. Those countries that adopt / invest in it the earliest will thrive tremendously. Remember, governments are adversarial.
Could be. The market cap of the euro is about 1,1 trillion euros. Also $FB wiped out over 140B dollars of market cap in 90 minutes after hours. China has already banned ICOs. If major central banks act together for the ban they could trash the crypto market.
China banned ICOs and Bitcoin price went up that same week. That's my point - Major central banks are unlikely to band together. Look at already the currency wars already happening today. Everyone has their own selfish interests. And if BTC works, they will buy it.
With the limitations of expandability (aka too massive energy consumption if brought to tradable size) I think that bitcoin stands a little chance of making it to the big boys league. The fed is already dumping 40bil a month in QT, I'd say that's the big boys league.
Oh, look, a $GOLD bug playing protection game for his antiquated pet rock.pic.twitter.com/uX7Mz3gtlH
There will always be people who will haughtily lower themselves to name calling when there are legitime issues addressed on the table and thus refuse to have intelligent conversations. Sigh.
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