RE: Things Cryptocurrency Enthusiasts Are Telling You, but You're Probably Ignoring by h0bby1

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Viewing a response to: @lukestokes/things-cryptocurrency-enthusiasts-are-telling-you-but-you-re-probably-ignoring

· @h0bby1 · (edited)
Even only focusing on exchange as mean and end of crypto currency show how its already side tracked from original goal, and the fact that it all ends on centralized one show how much it become more about blind speculative profits than anything else lol

But yeah i start to see cultish trend of cool aid drinking guru more and more lol with positive things that become more myth than anything put in forefront and all the negative side being shunned as fud, all this to increase speculative profits of big owners.

Its clear it start to look like its not going to end well lol

I worked in e commerce industry for a little while, made many e commerce thing, its not really evoked here but there are many things that make btc akward for regular e commerce industry, like lack of tracability for customer,  un predictible transaction delay, and high price volatility, plus incresaed complexity to process paiment and make good pipeline including clear accounrability for taxes and customer base make it very hard to be really competitive imo and those are never really talked about, at the profit of juicy ico and speculative profits made on exchange disguised as classic investment scheme.

I dont really see how this can benefit to small buisness as running btc node cost lot more than classic web stack, much more complex to handle, with many more factors of risks.

Its just going to be more either go back to full underground for initate, or benefits big organisations who can buffer price volatility and increased cost of operation, rather than something i really see helping small actors.

It will almost be a miracle if there is no massive money loss and jail time with this and i dont see how it can end well unless all those points are really bolded and taken care of by the community in a way or another rather than letting it slip into cool aid drinking to let the myth free ride t maximize speculative profits for the few initiate.
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@lukestokes ·
I understand your concerns, but you might be surprised to see how much _more_ fraudulent fiat currencies are. Cryptocurrencies aren't perfect, but in my opinion they are a far superior ledger which is what money is. Bitcoin isn't doing well as a transactional payment currency, I'll agree there, but there are others which are more focused in that space. Many see bitcoin as a store of value.

> Its clear it start to look like its not going to end well lol

What makes you say that? Do you have specific concerns?

I agree there should be more support for valid criticisms, but I also see <a href="https://99bitcoins.com/bitcoinobituaries/">a hell of a lot of FUD</a> so I understand if the knee jerk reaction is to think it's all FUD.
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@h0bby1 · (edited)
$0.60
Because i see the pattern as focus shift to easy money making scheme, rather than to genuine buisness, and all the many abuse and scam which make btc propaganda not mentioning this, decreasing creativity in general replaced by sale pitch without much in depth tech analysis, without true dedication to good interest, lack of rigor and used to easy cash, all this remind of other community and motion before it started to get ugly lol

Maybe there are still good surprise to come and it can find a second breath , and fixing all the issues or being honnest about them, instead of calling fud each time a pb is pointed, or sending back to conspiracy as cheap anti system counter argument instead of seeing things as they are, which is btc hold more scam, ponzi and laundry and shady agenda than genuine income making buisness, cause you wont say me honnestly there are billions of declared income with tax paid behind the "market cap".

Making it a pure store of value ok, but that will put it as a security or so, with following regulation, and tracability that is required by it, and then need to stop the moto with decentralization, and should rename it something else  than currency lol

And even as store of value its not backed by anything, and cover many shady buisness that could easily fireback at it.

Its not giving me currently the impression of being focus on self improvment, customer care, and oriented toward becoming mainstream with good quality software, transparent functioning and all this, more quickly made things enough for bare minimum to run exchange and basics centralized app, with many security issues, regular hacks, prone to bad manulation or pb, and zero safety net.
👍  , ,
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vote details (3)
@lukestokes ·
<a href="https://steemit.com/discussion/@lukestokes/do-cryptocurrency-speculators-fear-utility">I see that same pattern</a>. Thanks for replying.
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