What are some well thought out articles/podcasts/videos on why BTC/ETH/DeFi/crypto will NOT work in the long run?
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I agree, solid arguments, and I haven't seen any convincing counter arguments to that list. I'd add 'hedge against inflation' as another claim that BTC isn't living up to.
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How so?
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It’s important to separate “will not work” into different purposes. Bitcoin promises 1,000 things, but won’t deliver on all of them. Fully agree that it’s too volatile to be a currency.
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1. BTC is not all of crypto 2. His whole argument relies on BTC being a currency which it isn’t (yet) for the exact reasons he pointed out. Right now it’s digital store of value that can be used to fight inflation. It won’t replace banks and isn’t trying to be anything else.
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Justin do you own crypto btw?
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I don't think anyone bets on btc for a currency, but more so as collateral. Proven record of security and fixed supply, as satoshi once explained in a forum in 2008, the idea that something has value, becomes true if enough people believe it.
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I'm saying it's tough to even sift out the "main argument" when most of it is effectively "this is the dumbest thing ever created & anyone who thinks otherwise is delusional". I want to read something written by someone who didn't just drink a gallon of pessimistic coffee.
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I just highlighted it for you.
- how does crypto, practically, increase a regular person's freedom? (or better yet, freedom for the poor and disenfranchised?)
- how does crypto "create greater security or safety for one’s finances?"
- how is crypto more convenient? - Pokaż odpowiedzi
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I have my own Rally Creator Coin ($PLAY). My community can use it for value exchange, which keeps the net value in the community and leads to growth, increasing the benefit of being in said community. Pretty neat!
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Wydaje się, że ładowanie zajmuje dużo czasu.
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building
How is crypto shown itself to be functionally useful as an alternative currency?