Seconded. And keeping the positive spirit is the most important thing we can do as a community, especially considering the current state of the market.
Well... There is a fine line between FUD and criticism. The same could be said for positivity and over exuberance. Don't forget to distinguish which is which.
I don't believe that what you are doing in this thread should be considered as FUD, I can appreciate your honest view of things as I believe both sides of a story has to be heard before anyone makes up their mind.
Haha well my criticisms these days have not been directed at BTX in specific but rather the entire setup of crypto in general. I am working on something huge that if it works will save this space and then we can call check to the banks and governments. I am only writing about it here and on telegram because I can hardly contain my excitement.
Hmm.. Now you've got me intrigued, please do share more when the time has come.. I always like new and different ideas when it comes to crypto .
Ill share the simple concept rather than the mechanism or algorithm I will use. My idea was that the major issue, ironically of course, with crypto is that it is doomed to be deflationary in nature. Deflation is just as bad as inflation so my idea was to stabilize the supply in relation to demand for the currency. More demand will mean more inflation to offset that demand. Less demand will mean deflation to offset the decrease in demand. All this would be done via algorithm and of course there would be no supply cap. If it were to stabilize things within a 10% range then we would have the first true decentralized currency instead of decentralized assets. Remember that there is no incentive to spend something that will only ever go up in price in the future given ample demand of course. Only the outliers of society will use such a thing out of beliefs rather than incentives. The masses will not adopt something that is unstable in valuation. Bitcoin and every crypto thereafter is currently unable to ever stabilize price. I suppose my algorithm would dissuade speculation to a great degree and it could potential be used as a reserve currency or the ultimate trading pair. It is basically USDT on steroids without being tied to a fiat currency or a third party. But I have a lot of work, research, and testing to see if it could actually work. But this would essentially be us calling check to governments and banks. Their main negative talking point about crypto is that it is unstable so if we remove those conditions then their criticisms start to look more petty. They will either bare the fangs and show everyone their true colors or they will capitulate and give us our economic freedom that we so much desire. Right now they can lie and claim they are protecting us from volatility. Anyways, I am not sure if this is a manifesto or a simple explanation but that's what I am working on.