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by phasnox 1794 days ago
Centralized. Manipulated. Unpredictable issuance. Subject to censorship.

Among a few.

1 comments

> Centralized. Manipulated.

There is widespread manipulation in the crypo market. The difference with crypto is that there are no regulations that even attempt to hinder it.

https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dum...

https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam...

https://www.researchgate.net/figure/Example-of-a-pump-and-du...

> Unpredictable issuance.

Perhaps in theory, but USD has proven to be a far less volatile store of value than Bitcoin and Etherium, which have both been through the equivalent of hyperinflation and hyperdeflation over the past decade.

> Subject to censorship.

Currency is not subject to censorship, such a thing would be impossible. Certain payment providers have refused to process payments to various individuals, but such a thing would be possible in the crypto space as well.

If you look at a graph from 1 2 or 3 years for USD and Some popular cryptos it gets really obvious which one loses relative value and which one doubles or tripples value every other year.

USD is a horrible value storage in the last year's if you deal outside of USD

> but USD has proven to be a far less volatile store of value than Bitcoin

If by less volatile you mean gradually losing value, I mean yeah.. But is that a better store of value?

> such a thing would be possible in the crypto space as well.

Nope, that is literally impossible with Bitcoin. Hitler could open up a shop, and no one could stop him from receiving payments.