okay i’m just gonna come out and say it: any digital currency controlled by a single company is trash.
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your trash coin price is rising because everything is rising. but when the banking industry (which you’re already tied to) lobbies for government control?
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congratulations, you no longer have a trash coin, you have a fed coin, which is by its hyperinflating nature less valuable than a decentralized, secure, scarce currency. aka you now have a slightly more authoritarian trash coin.
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listen, the speculation game that’s happening today is exciting. i get it. but there is bigger shit happening right now. the nature of money is changing, and with it the gatekeepers of our civilization’s wealth.
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i would ask you what kind of world you live in, a world of free exchange or a technological dystopia in which all the world’s wealth is controlled by a few (less than today) people. but i really don’t think it matters what any of us want.
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the only reason our analog trash coin has survived this long is competition has been illegal. given the choice, no consumer will choose a currency controlled by the whims of a single person - there’s no stability there.
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decentralization wins. transparency of authority (governing rules) wins. privacy (of user) wins. which is all to say: there are clear winners staring you in the face. now thank them and hodl.
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End of conversation
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