The big threat– Government. I posted this as a “reply” to comments, but I think it deserves more eyes… also, I sharted my pants 4 times today.. not even kidding. Enjoy.

Cryptocurrency News and Public Mining Pools

The big threat– Government. I posted this as a “reply” to comments, but I think it deserves more eyes… also, I sharted my pants 4 times today.. not even kidding. Enjoy.

It (cryptocurrency as a store of value) is inevitable in one way or another… I just worry people will put their confidence in some sort of crypto that is ultimately controlled by a government… even if it is technically "decentralized," that government will do one of the following:

-Own the majority of all the crypto

-Determine who/what is allowed to be involved in the mining pools

-Control the supply

-Control the value through unlimited avenues (could be literally by telling the network what it is worth-Investing/divesting insane amounts of money among different investments and capitalizing on assumed market behavior

-Controlling social media and having Facebook/Google/etc. in their pocket and using advanced algorithms to determine where they invest/divest the country's available resources

-The most immediately terrifying: Intentional collapse of the currency and capitalizing on the aftermath that would follow.

People need to control crypto. Not governments.

Edit: Formatting, reddit… annoying.
Addition: Yeah, I sharted my pants, but only because I have been conditioned to trust my body but I must have some sort of bug or something.. thought it made the title more reddit worthy (you degenerates)

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