Crypto is trying to fix something that isnt broken. Muh decentralized database tecknorogy...

Crypto is trying to fix something that isnt broken. Muh decentralized database tecknorogy. So far crypto managed to do only one thing - make a lot of people completely miserable and a handful of people walked away with stolen millions. If you think any serious government-level industry is ever going to put their data on a database that is in the hands of literal basement dwellers masturbating to dog porn you are beyond hopeless. Decentralized database is never going to work because it cannot be trusted any more than any other centralized database. Just look at all the bullshit crypto managed to achieve so far... scams, hacks, fails, leaks after another and another. Thing is, people cannot be trusted. Having your data spread across the planet in the hands of random individuals is actually more likely to go wrong than if you just have them overlooked by one 3rd party person. And about the muh payments? I actually pay no fee to my bank for having my money on their database and sending them is free or very least fee. But the most important thing - my money in the bank have not lost 90% of their value in one year. Just fuck off with crypto already. Admit you never even cared about the muh tecknorogy but only wanted to dump on unfortunate people falling for a scam and buy a lambo... because if you did actually care you would know that blockchain (and specially crypto) is a slowly dying failure.

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>managed to do only one thing - make a lot of people completely miserable and a handful of people walked away with stolen millions.
are you sure you’re about crypto?

You dumb.
Centralization = a single point of failure.
sage.

Nice pasta

how big was your short liquidation OP

Central banks are broken in most third world countries. Do Americans need crypto? Probably not. Do Venezuelans need? Definitely.

>Crypto is trying to fix something that isnt broken. Muh decentralized database tecknorogy. So far crypto managed to do only one thing - make a lot of people completely miserable and a handful of people walked away with stolen millions. If you think any serious government-level industry is ever going to put their data on a database that is in the hands of literal basement dwellers masturbating to dog porn you are beyond hopeless. Decentralized database is never going to work because it cannot be trusted any more than any other centralized database. Just look at all the bullshit crypto managed to achieve so far... scams, hacks, fails, leaks after another and another. Thing is, people cannot be trusted. Having your data spread across the planet in the hands of random individuals is actually more likely to go wrong than if you just have them overlooked by one 3rd party person. And about the muh payments? I actually pay no fee to my bank for having my money on their database and sending them is free or very least fee. But the most important thing - my money in the bank have not lost 90% of their value in one year. Just fuck off with crypto already. Admit you never even cared about the muh tecknorogy but only wanted to dump on unfortunate people falling for a scam and buy a lambo... because if you did actually care you would know that blockchain (and specially crypto) is a slowly dying failure.

replace every instance of blockchain and crypto with internet and this would sound exactly like the argument of someone in the early 90s

Central banks are broken literally everywhere. They're a Jewish scam

do you vote socialist IRL OP? all the problems you describe are the remaining centralized pain points, and your solution is to advocate for more centralization. meanwhile, you're blind to the price you pay for "free" banking, as hidden inflation destroys your wealth by 8%+ per year, every year and the same moving forces import people who hate you and will vote to take what you have
incredibly shortsighted

NIGGERS

NIGGERS AND FAGGOTS

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LOL

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True for blockchains used as databases for non-currency things. There is absolutely no benefit to those, just massive costs and high security risks. The only use of a blockchain is to store censorship resistant value (money). There is no alternative to blockchain for this. The lack of this is the broken thing that crypto solves. You can transfer hundreds of millions around the world, accept ransom money, buy drugs, and so on without anyone stopping you.

bayste

lmao I can't tell if this is intentionally tongue-in-cheek or completely serious.

This is, by far, the most realistic and intelligent post that I've seen in a while in this forum.

>forum
kek

in the future blockchain will work like internet and there will be independent nodes around the world operated by AI. There will either be one global blockchain or multiple cross-chains with hybrid pos system in the hands of the public for second layer (human factor) security reasons. Public POS is pretty much laughable and I will nt be surprised if actually illegal in the coming years because of the muh envirnoment.

>Crypto is trying to fix something that isnt broken
Who gave money to FSA and ISIS in Syria war? Who supplied weapons and paid for them? who paid for training?
With crypto you can trace that at home, with current banking system you are unable to do a thing, because everything is hidden from public eye and controlled by swift, oh heck, not even government are able to see shit, because everything is controlled by one entity - central bank of all banking systems.
You are welcome, STUPID!

Yeah, I’m just gonna stake some bitcoin hex and then I’m never looking back once Richard Heart dumps half the supply on me whilst BTC meanders around $1000 for the next year.

shit.. I meant public POW is laughable and dead/buried. Its so obsolete my brain has completely deleted that term from its database.

but not to contradict myself the future global blockchain will work for in completely different manner than what it is intended for today. It will be a database backup for global events like legal rights, historical events and political agreements. It will not be operated and controled by some private nerds but the nodes will be in the hands of the government. So still, the blockchain as it is right now is pretty much dead.

This for sure.

Muh next bull run won’t be characterized by normie adoption of muh “coin to rule them all and end the Fed”.

The future of blockchain will be forged by institutional integration of smart contract and cloud computing protocols into existent systems responsible for facilitating global commerce.