I'm rather mistrustful of people that are this forthy about being against a new technology. If it really is that devoid of merit it'll die on its own.
I also think it is a rather fundamental failure to see the big picture.
Not efficient? Well neither was the Ford model T. Newer generations are getting better.
Similarly somehow existing systems seem to get a free pass for things that are consider fatal flaws for crypto. Criminal enterprise? What do you think all the drug trade and sundry criminals use? Seashells? No USD. Systemic risk? Fed is printing trillions and history is littered with financial crises. Humans have managed to make everything from CDOs to tulips crash. Its not unique to crypto.
Personally I think crypto is a 50/50 chance of working long term. The people certain it'll be a disaster seem just as silly as those certain it'll take over the world.
I'm rather mistrustful of people that are this forthy about being against a new technology. If it really is that devoid of merit it'll die on its own.
I also think it is a rather fundamental failure to see the big picture.
Not efficient? Well neither was the Ford model T. Newer generations are getting better.
Similarly somehow existing systems seem to get a free pass for things that are consider fatal flaws for crypto. Criminal enterprise? What do you think all the drug trade and sundry criminals use? Seashells? No USD. Systemic risk? Fed is printing trillions and history is littered with financial crises. Humans have managed to make everything from CDOs to tulips crash. Its not unique to crypto.
Personally I think crypto is a 50/50 chance of working long term. The people certain it'll be a disaster seem just as silly as those certain it'll take over the world.