Working with computers, I heard about bitcoin in 2008.
In the little ride of 2013, I wanted my own decentralized gaming cryptocurrency.
But I never did anything with it because the more I looked into bitcoin, the flaws were obvious.
:: MYTHS & HYPE ::
It’s not decentralized when there are large holders manipulating prices.
Look at the ICO’s and see the % released, no different to the stockmarkets.
Blockchains, because it’s open, will always be hacked.
And it’s not hard, you just need the biggest computing network.
There maybe value.. but monetary value is only based on the greater fool theory.
Scarcity value hasn’t been legal tender in many decades!
It actually makes the rich richer and the poor poorer!
Only the poor would ever sell it.
Sovereign countries use their currency and interest rate to better their people.
When they can’t you get what happened to the Euro.
No country or union would lose that.
Futures exchanges are regulated, but not crypto exchanges.
Casinos are better regulated!
I would rather trust a bucket shop and trade against them with derivatives like CFD’s or spot FX!
Never trust a cryptocurrency exchange!