>Yang pointed out that virtual currencies are unable to be generally trusted in the market because of some main problems.
>Supply of virtual currencies is not flexibly adjustable depending on market demand because the supply is based on protocols in advance.
>Large prices fluctuations and unstable prices are easy to drive speculation.
>It is low in efficiency, for it takes time to handle transactions of virtual money and additional blocks are possibly denied (soft fork).
>It is power-consuming during the mining process.
>Hard fork will lead to depreciation of virtual money because hard fork enables holders of original virtual money to acquire extra new virtual money. For example, hard fork happened more than 10 times in bitcoin cash, bitcoin gold and bitcoin diamond in 2017.
>There are no ways available for claiming compensation. Due to the decentralized issuance of virtual currencies, no organizations or governments are responsible for such money, and consequently holders of virtual money have no channels of claiming compensation for losses arising from network attacks.
>They are easy to be illegally used. In addition to hacking risks facing virtual money trading platforms and scams, virtual money easily falls into illegal use such as money laundering, terrorist financing, tax evasion and evasion of regulation.
Says the chink who has flowers pinned to his suit, lol.
Austin Taylor
Those concerns are only valid from the point of view of a centralized entity (government, bank), not so much when talking about a pure digital economy.
Charles Green
(((Central bankers))) afraid that they can’t print money out of thin air. Color me surprised..
Luis Reed
>muh terrorism >muh environment >muh pay your taxes, goyim
Xavier Flores
>Supply of virtual currencies is not flexibly adjustable
>Hard fork will lead to depreciation of virtual money because hard fork enables holders of original virtual money to acquire extra new virtual money
Is this contradiction or am i a brainlet
Asher Reyes
>central bank >skeptical in other news muslim migrants are skeptical of western laws and the rights of western children to not be raped by them en masse >a thread died for this
Christian Foster
>Supply of virtual currencies is not flexibly adjustable depending on market demand because the supply is based on protocols in advance.
this chink jew cant grasp the concept he cant print money out of thin air fken lmao
Eli Hernandez
I'm confused, aren't these all very very good things? As in so good it's the entire reason everyone got into crypto to begin with?
Nicholas White
He probably never heard of USDT as well as any other crypto that's not a Bitcoin fork.
Aiden Butler
Lmao always these same lame excuses >muh regulation >muh money laundering
Xavier Taylor
>>Supply of virtual currencies is not flexibly adjustable depending on market demand because the supply is based on protocols in advance.
Not only is he a chink, he's also a happy Semite with mercantile experience
Camden Bailey
No. It is good for ponzi speculation but not for actually using it as currency
Jaxon Robinson
Everything about it seems to suggest the exact opposite of what you say. Not so good for speculation or ponzi, but very good for currency. Also makes for a good store of value. You aren't chinese and or jewish are you? Seems like you have an agenda here in spreading such lies.
Elijah Adams
Flexibly. Hard forks are neither flexible nor done to adjust supply.
Mason James
what he means is that (((they))) can't control who the extra currency goes to
Juan Rivera
So, did you ever use any crypto as a currency more than speculation? Also, how is that store of value holding up?
Cameron Sanders
New? Used to be able to use it on Steam
David Powell
All the time, it's really convenient. And I literally mean all as in 100%, because I've never used it for speculation. I mean speculation, that's not even a use really. I'm guessing that's what got you into it? No wonder you dislike it. It's like trying to use a hammer with a screw. You need a drill or screwdriver. Stop doing everything wrong and life gets better. If you weren't such a lazy piece of shit you could just look at the charts and see that it has performed admirably as a store of value. Much better than any other asset has at least.
