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by google-serf
4433 days ago
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Well written analogy of cryptocurrencies, it might help to mention all the other hundreds of new cryptocurrencies that follow the same or similar model, LTC, PPC, DOGE, VERT, XPM, etc.
The issue with BTC now is not if it is a Ponzi scheme, if it is then so is USD, EURO! Etc.
Banks (central especially) are very worried about BTC. This is the next phase, which I like to call "then they fight you".
Banks are refusing to do transfers to exchanges, citing fraud (absurd as exchanges have stronger AML/KYC policies than banks), central banks are creating or trying to block new sites, creating new laws banning purchasing cryptocurrency. The theory is that if you can stop the fiat leaking out, you can kill its apparent trade value.
I say as long as 1 person can use the network to send the minimum transaction amount, the network will survive. As they say in DOGEland; 1 DOGE = 1 DOGE. As long as this is true, DOGECOIN will have value. |
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