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by will_brown
3219 days ago
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>and just complaining about it being a "bubble" doesn't add any value to the conversation. Yeah but that is the kind of thing they said during the housing bubble and the dotcom bubble before that, then after those bubbles all the media and experts had the same talking point...no one saw this coming What more do you want added to the conversation? Bold predictions, that will inevitably be true? That is a little hard to do and actually detracts from the known truth, still I'll bite. As many of the experts who missed the other bubbles are pointing toward charts suggesting a market correction/crash, many are pointing to crypto as a way to protect their money, my guess is barriers to crypto ownership will continue to lower allowing early investors to cash out a little but control supply to raise the price, and then when enough of the crypto market is distributed across uneducated investors...boom the remainder of early investors and investor money pulls out and all that value created by nothing more than belief disappears and reality appears. It costs nothing to start a new blockchain with a new cryptocurrency, there is no real value in Bitcoin or even Ethereum/Ether, the idea of smart contracts as a tool to replace lawyers and courts was just marketing effort to keep the good times rolling with no basis in reality. |
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Bitcoin does seem to be the best payment technology for online illegal transactions. Albeit, one could argue those shouldn't be 'real' in the first place.