Ability to print money might seem evil, but alternatives, like gold, sliver, etc. lead to deflation which is 100 times worse for economy than inflation. I agree all crypto is in it's nappies, many problems but I can't see how they will be solved.
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Alex Fihman
@Alex Fihman
Posts
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I thought that Cryptocurrency was a shell game, a pyramid scheme, or a scam ... -
I thought that Cryptocurrency was a shell game, a pyramid scheme, or a scam ...There is something wrong with blockchain, you make a transaction, and it is written in a block and whole world has to verify this block and store it forever. This makes transactions slow and expensive, albeit secure. Then you have to invent L2 solutions, and they are getting expensive too. You might say SWIFT transactions are expensive, but at least they're predictable.