Over the last couple weeks I have been trying to ask people who rave about cryptocurrency this question. I can't find an answer, am I missing something?
Initially, one of the main intrinsic, true values of crypto was that it was supposed to be hyperinflation/quantitative easing proof, the idea that you can't just "print more" Bitcoin because there was a finite amount available - 21 million. But if there are infinite coins available, doesn't it stop being a finite currency?
Also, wasn't Bitcoin also supposed to be one simple global currency? If you have dozens (hundreds) of cryptocurrencies for dozens of tasks, doesn't that once again contradict the initial idea of one simple global currency?
If an ICO market "works" then you CAN NOT have long-term cryptocurrency based on the initial value proposition of Bitcoin.
I get the idea of holding it as a speculative asset, but doesn't an ICO market contradict the initial true value of Bitcoin?
Submitted January 17, 2018 at 12:55AM by NbKJcK http://ift.tt/2B9Nfto
