Discussion in 'Bullion Investing' started by Tyler, Apr 1, 2013.
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If CNBC is any indication, Bitcoin is toast. They used to talk about it so much, I sent them an email of complaint
as if that would do any good.
I haven’t heard any chatter about it for eons. I guess the bulls they let promote it are gone.
It's still pretty high. It's not even worth $100 to me, and I don't care how much time and energy it takes to mine one.
Cryptocurrency in general has no real chance of becoming mainstream. No major economic power is going to give up the right to manipulate it's economy by turning over the keys to the castle. Without the ability to control money supply, a government would be hand-cuffed.
Crypto's can be useful in those countries which have wildly fluctuating/unstable currency, so there is a place for it.
...until your exchange's CEO dies and takes the master passwords with him:
Whatever you may think of the concepts and technologies behind cryptocurrencies, putting your money into something where this can happen seems like the definition of insanity to me.
Now that's damn funny. May he RIP, but yes, crypto's are very speculative.
Just for the record, I don't believe in them for mainstream commerce, but there is a place for them, albeit a small place.
I agree. Hiding money from illegal activities is a small place. It should be very risky.
"In total, hackers have stolen nearly $2 billion worth of cryptocurrency since the beginning of 2017"
Looks like back to the drawing board.
Many hacking groups continue to work on bitcoin's blockchain.
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