Comments
HerderofNerfs000 t1_iziqhmw wrote
It will either stop existing or the banks will own all of it.
DrakBalek t1_iziquni wrote
Accurate. Without the support of an organized banking system, crypto will continue to flounder and eventually drown.
And given the technical limitations, I don't see any serious bank embracing it beyond a token level of interest.
IsThereAnythingLeft- t1_izire10 wrote
We can expect much more energy wasted if mining isn’t banned
URF_reibeer t1_izitby3 wrote
it's still not really viable as a currency because of the wild swings in it's value, if it doesn't make the jump from investment option that bets on other people thinking they can eventually sell it for more it will keep being a thinly veiled scam
HercoolPoirot t1_iziwqj8 wrote
There is no future for crypto. People see now it has no real value and it is perfect for creating frauds and Ponzi schemes.
HugeHans t1_izixx0x wrote
The main function of crypto has always been to make real money and to a lesser degree avoid law enforcement. Both of those things have a target audience so crypto or something similar will continue to exist for a long time. Why some people who are not directly profiting from crypto still desperately seek a use for it is a mystery.
HercoolPoirot t1_izizs31 wrote
All I am saying crypto is virtual, it is not real money with lets say value set in gold.
I think it was created for money laundry.
M_u_l_t_i_p_a_s_s t1_izjbae3 wrote
All money used today is in fact also virtual and not real money. That’s what fiat is.
shit_post_thenyoudie t1_izipjlt wrote
It's far too easy for people to manipulate atm. I hate to say it but there could be some regulation on large crypto businesses(exchanges, stable coins ,etc ). Harkens back to the 1800 stock market though I guess.