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by johnnymorgan 1434 days ago
How about absolutely value over percentage as that is a total BS metric in this context and you know it.

Give us absolutely values...yeah nice way to deflect but doesn't hold up bud.
1 comments
JshWright 1434 days ago
Why wouldn't percentages be relevant? If one currency delivers a massive amount of utility and value to society while a tiny fraction of it is used for illicit purposes (i.e. USD), and another currency is overwhelming used for illicit purposes, with only a tiny fraction being used for actual utility, that is a meaningful comparison.
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johnnymorgan 1434 days ago
Because it's a way to hide the true depth of an issue by boiling it down to % of market cap.

Deal with absolute numbers and it pales in comparison, and again it's used for scams is a null argument unless you hide it in percentages.

The argument applies to any fungible asset and isn't unique to blockchain.

Also check the history of the dollar and financial networks.. clever shitty people will always be ahead of the curve.

It's why I support regulation, people are very good at identifying bad behaviours and mitigating it..that is until they end up running it.

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JshWright 1433 days ago
You're not making an argument here, you're just saying "percentages bad, absolute value good". The only argument you're making is that using percentages "hides" the negatives USD, but the reverse of that is equally true (absolute values hides the problems w/ cryptocurrency).

My argument is that the net impact of USD is positive, while the net impact of cryptocurrency is negative.

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