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by betwixthewires 1835 days ago
I just want to say I like cryptocurrency, but there are some real problems with some of your points I just had to point out.

> welcome to the game.

Is this a game, or something useful, a currency system? If it's a game all your opponents are right. Truth is, some people get burned with every risk that people take, and everyone gets burned by some risk they take at some point, it is why most of us are risk averse. People get burned crossing the street.

> If they're centralized

Find me a single decentralized exchange that has the liquidity to handle high trading volume.

> It's easy to distrust a system that you don't understand

You're assuming detractors don't understand. It is self supporting fallacious logic, "if you don't agree with me that's because I know more about it than you"

As far as unaddressed points, to talk about crypto getting manipulated and pretend that heavily regulated markets like the housing market or stock market don't get manipulated is hilarious. Every market gets manipulated, but people pretend like the government solves that and cryptocurrency is the only market where this happens.

All in all I like cryptocurrency, and I don't like regulation for the most part. Before someone out there decides that this means I don't think murder should be illegal, I do, so no sense going down that line of discussion. But I don't think protecting people from predators is the same as protecting people from themselves, one is within the realm of a justice system and the other is not.

1 comments

> Is this a game, or something useful, a currency system?

Do you not think the current economic system is a game? Because it is.

> single decentralized exchange...

Uniswap had no liquidity issues for blue chips with the recent crash.

Clearly there can be more liquidity in the market, but that’s not the argument.

> detractors don’t understand

Why would I think differently when they never do?

Assuming the rest of the response isn’t directed at me.