>> They are doing the equivalent of printing their own monopoly money in the garage and then selling it for real currency...
> Pretty much what the central banks are doing around the world.
Exactly. So why choose the currency of a couple of dudes over the central bank's one? Show me an ethical cryptocurrency with equal opportunities for everyone and no taxes in a form of pre-mining, decreasing block rewards & other stuff like that and I'll be the first one to use it.
Central banks: fine, they are the state. It's a problem when private banks are doing this (they are) and when central banks are doing it and using it to purchase assets to bail out in the main the rich.
> Pretty much what the central banks are doing around the world.
Exactly. So why choose the currency of a couple of dudes over the central bank's one? Show me an ethical cryptocurrency with equal opportunities for everyone and no taxes in a form of pre-mining, decreasing block rewards & other stuff like that and I'll be the first one to use it.