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by baby 2926 days ago
Look at the whole casino market. From Las Vegas to video game gambling websites, there is a huge amount of money in there. Now imagine one global casino playable from anywhere in the world and you have the cryptocurrency market. There's no way it's going to stop. On top of that look at religions and how they were created and how they survive mostly from their huge amount of followers. Now imagine that cryptocurrency followers are pretty religious about their "crypto". You now realize it might not be a crazy idea to invest there.
1 comments

This is, most religious preachers believe what they, preach; unlike most ICO owners, who are purely in it for the money.

Cryptocurrency used to be a fun place to be in, before people started doing these ICOs that only made sense when you look at it from a cash grab.

Something that is entertaining... Get a coin daemon that was created several years ago (could probably get away with months at this point,) that happens to be on an exchange. You can trivially execute a 51% attack, by yourself, with no real investment required.

Crypto can still be fun to be in. If you pay attention to all the ICOs and the crashes and media hype, you're gonna get sad about it. But there are other places in this sphere you can find and still enjoy like the earlier days.

For example, for all the ICO bunk out there, there's also some awesome tech being developed. The lightning network for Bitcoin is really cool! I just paid 18 satoshis to a game the other day. That's less than a penny. There are people in that community building games and working on the tech and its constantly improving and that feels really good. It's pretty flakey, but you can watch it getting better over time.

There's Grin, an implementation of MimbleWimble which is under development. It has an origin story like Bitcoin - one day, somebody with a harry potter pseudonym signed on to the Bitcoin IRC and dropped a white paper and then left, never to be heard from again. Now it's under active development. There is no ICO planned, only an open genesis block, like the good old days. You can contribute, if you want! Or you could read the white paper to understand what makes it different and special.

Ethereum is working on scaling and sidechains. Those are not pump and dumps by private scammy companies, that's really cool new tech!

Whether you love or hate crypto depends greatly on which aspects of it you choose to pay attention to. It's easy for anyone to get disillusioned paying attention to ICOs all day. If you're actually into cool things and not just the "can i make a quick buck" aspect of it, go find those things. They're out there.

Most religions started with a bunch of charlatans as well, the second layer is filled with believers. I've seen the same happening with cryptocurrencies