With Crypto people are just being people. They jump on bandwagons on all kind of hype trains are ride it but when the music stops harsh awakening begins.
Bitcoin was not the first electronic currency or even first cryptocurrency but it was the first one decentralized and with open transparent database of all transactions not anonymous, criminal and anarchist let's destroy government thing.
Egold and DigiCash failed because of the things aforementioned but cryptocoins will fail because of the wild "pump and dump" schemes going on over and over again. And I hate to see celebs and CEOs like Elon Musk jumping on it only because it is fun. Musk could talk about technology behind Bitcoin but he chooses to promote DogeCoin/s because of the memes and lolz.
I would personally prefer US banning cryptocoins and then bringing some act and approving them one by one.
This is nothing Satoshi envisioned for Bitcoin; wild market speculation and manipulation construct it was meant to be "A Peer-to-Peer Electronic Cash System".
Bitcoin was not the first electronic currency or even first cryptocurrency but it was the first one decentralized and with open transparent database of all transactions not anonymous, criminal and anarchist let's destroy government thing.
Egold and DigiCash failed because of the things aforementioned but cryptocoins will fail because of the wild "pump and dump" schemes going on over and over again. And I hate to see celebs and CEOs like Elon Musk jumping on it only because it is fun. Musk could talk about technology behind Bitcoin but he chooses to promote DogeCoin/s because of the memes and lolz.
I would personally prefer US banning cryptocoins and then bringing some act and approving them one by one.
This is nothing Satoshi envisioned for Bitcoin; wild market speculation and manipulation construct it was meant to be "A Peer-to-Peer Electronic Cash System".