These programmers loan the money from each other more honestly, than the banks do. — Linkey
↪Linkey I can see crypto being useful in an authoritarian society with high inflation. For me, I'll just buy gold and silver as hedges against inflation. They're also more useful than crypto SHTF scenarios. — RogueAI
The gold if an example of such pipyruses - it is nearly worthless in regard of its current price. — Linkey
why the gold is not growing as fast as bitcoins? — Linkey
They're also more useful than crypto SHTF scenarios. — RogueAI
And this leads to a new question: why the gold is not growing as fast as bitcoins? — Linkey
- Cryptosceptics aren't in authoritarian countries, on the contrary, authoritarian countries are prone to have problems of inflation and severe limitations on holding wealth in other assets / foreign currencies than the fiat currency of the state. Hence many authoritarian countries people are far more aware of the perils of a fiat currency and love cryptocurrencies. — ssu
Notice that everything called to be a "ponzi scheme" isn't one. Social security systems aren't ponzi schemes, even if they will have problems if the younger generations are far smaller than older ones for a while. And governments having the ability to tax their citizens don't make the currency a ponzi scheme.I have made some polls in some forums, and it was revealed that people who value democracy and liberalism are more prone to agree that the bitcoins are not "ponzi schemes". — Linkey
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