Topic: How can this new global financial system work with 1600-30.000 currencies? (Read 141 times)
July 06, 2018, 02:43:22 PM
Now with the crypto-currencies, there is a mess. There are too many of them, no one controls them. This is bad in the long run. Since there are a lot of burglaries and frauds.
July 06, 2018, 02:31:38 PM
How can this new global financial system work with 1600 official and 30.000 more unofficial cryptocurrencies?
a regulatory movement, would automatically be bigotted, and promote some at the expense of others.
the ultimate issue is that money = power, and power is always like a pyramid.
i mean there will be so much chaos, abuse, inefficiency and confusion with this new cryptobased financial system it might get unpopular altogether, because the working population will lose the most from the explosion of currencies as they lose powerful reliable currencies that they can use to travel abroad etc.
regards
a regulatory movement, would automatically be bigotted, and promote some at the expense of others.
the ultimate issue is that money = power, and power is always like a pyramid.
i mean there will be so much chaos, abuse, inefficiency and confusion with this new cryptobased financial system it might get unpopular altogether, because the working population will lose the most from the explosion of currencies as they lose powerful reliable currencies that they can use to travel abroad etc.
regards
It's like the Linux operating systems. Firstly we had Debian, then they forked it to make Ubuntu, then they forked it to make Lubuntu/Kubuntu and all Buntu series. Then they forked Kubuntu to make Bardlinux Some OS are a fork of a fork that has been forked from 3rd generation of a fork.
Today there are maybe over 200 operating system based on Linux. Cryptocurrencies are somewhat similar to Linux. As an open source project, everyone is able to clone it and add his twist, resulting in "everyone is creating his crypto"
But at the end, most disappear for different reasons. It's like the Darwin theory. The same will apply to cryptocurrencies, only a few will still be used in 10-15 years. All the others will be forgotten
July 06, 2018, 01:57:47 PM
I am sure that most crypto currency with useless technology for the world will cease to exist and only useful crypto currencies will remain, which will not be much. For now, invest only in reliable crypto currencies (BTC).
June 28, 2018, 09:28:47 AM
I am totally sure that in the near future most of altcoins will cost nothing, because they are really useless. Every day born so many altcoins I don't even know.
I do believe that cryptocurrency is the future of the global currency. Eventually we are geared up to cashless society with the use of digital currencies. Other altcoins will indeed cost nothing in the future but at this point in time, they are instrument for the awareness of people to the cryptocurrency world.
May 31, 2018, 11:41:04 AM
I am totally sure that in the near future most of altcoins will cost nothing, because they are really useless. Every day born so many altcoins I don't even know.
May 25, 2018, 07:58:44 PM
How can this new global financial system work with 1600 official and 30.000 more unofficial cryptocurrencies?
a regulatory movement, would automatically be bigotted, and promote some at the expense of others.
the ultimate issue is that money = power, and power is always like a pyramid.
i mean there will be so much chaos, abuse, inefficiency and confusion with this new cryptobased financial system it might get unpopular altogether, because the working population will lose the most from the explosion of currencies as they lose powerful reliable currencies that they can use to travel abroad etc.
regards
a regulatory movement, would automatically be bigotted, and promote some at the expense of others.
the ultimate issue is that money = power, and power is always like a pyramid.
i mean there will be so much chaos, abuse, inefficiency and confusion with this new cryptobased financial system it might get unpopular altogether, because the working population will lose the most from the explosion of currencies as they lose powerful reliable currencies that they can use to travel abroad etc.
regards
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