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

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· @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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@h0bby1 · (edited)
It remind me the pattern i saw with free parties and cracking scene :)

A long as it remain underground in small circle making some few money here and there it can stay undetr the radar of prosecution.

When it starts to get big, with big organized thing, making tons of cash, and going pseudo mainstream on shaky fundation, they start to crack down and it can come very fast lol

I still remember the operation fastlink ( https://en.m.wikipedia.org/wiki/Operation_Fastlink ) and wen they do big crack down like this when things becoming too wide spread, it can happen very fast once al the section & judges are on the same line.

Always the same story :D

https://youtu.be/vpGPUldOu0I 

banditos - vamos con electromad :D

Fbi & co are already probably tracking & infiltrating and building case, and the day the law is falling, and judges have the good procedures bye folks :)

Just saying lol nobody can tell for sure how thats going to end, but need not to take authority for fool too much either, and its probably going to be cleared up at some point, and we'll see what and who remain when all the gray area become under the spot and all the crack down start to get in.

Usually what remain is only big player who operate under big legal buisness, and we ll see how many people are still in without the easy cash and empty promise and scams of all kinds, to do the real tedious work of organisation and clean things.
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@lukestokes ·
We'll see. Unlike many other examples, peer to peer systems are notoriously difficult to stop. Napster got us Itunes, Amazon Music, Pandora, etc. We no longer have to pay for a full CD just for the song we want.
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@h0bby1 · (edited)
Yes probably some system are going to get out of this, but given that all the scam and ponzi & co that make up the thing, need to see what remain if all those get taken out, how much traffic and real use will remain.

Im pretty sure without the easy cash and shady stuff, 90% of the actual scene is out. 

Verynfew people actually want to get throught the hassle of cleaning code, increase safety, and deal with all the issue to operate actual genuine buisness with much thinner profits with more tedious hard work.

Most people are in for quick return sitting on coin or trading on exchange like pseudo gamble, rather than doing all th hassle to work out real system who can fit with real economy.

All the crypto & p2p never prevent them to bust the people they want to bust when it become too blatantly out of the line.

Even with p2p & all, there are still not so much actors who make the thing spin, and where there start to be real investigation & head fallings, p2p & crypto doesnt help all that much. Because most people are mostly leech or passive users, and its never too hard to make blow on the system when it become too much out of the law on big scale.

Nobody is going to invest too much ressource or time if its to end in jail or with potential trouble, and not that many people are dedicated and skilled enough to really make the thing spin, even if there is large number of user on a p2p network for fast easy reward and gain.

And i still wonder what are real advantage of using graphene over classic web things, as its still more costly and complex to operate than regular web things, it can find a model probably as its still more transparent and open than facebook or twitter, and clearly a buisness model and thoughful system, need to see how it turn on the long run, and if true investigation and stuff are made on the model, if it doesnt go against some law or so.

But in the end, the fast and deterministic block time come at price of sophisticated delegation of mining and control over relatively small number of high end highly connected witness node, in the end need to see if it has real effective advantage over other system, given the increased complexity and cost, for ending with something not so decentralized, outside of the hype of blockchain and promise of high return for investors.
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