Comment by GekkePrutser
4 years ago
Yeah the economic incentive is the problem also. People just get into it for the money, not because they believe in it. This is the whole issue with crypto currency and web 3.0 too.
It's a bit sad because it never started out as something intended for "make money fast" kind of investors. Bitcoin started as a way to free users from the centralised banks and regulation.
Freeing users from regulated banks and taxes is a way to make money fast. It s never been the goal of bitcoin to provide any utility to businesses (insured loans, public offering, leverage financing, future contracts, merger consulting, asset management, wealth optimization).
And if they cant do what banks already provide, what sort of "freedom" do they offer ? The ability not to have a retail account, the low hanging fruit of banking ?
This BS kneejerk 2008 crisis reaction Satoshi pretend to have had at the time, made him both one of the richest financial force in the world and the biggest financial risk (if he sells for some random reason just one btc from a genesis wallet of 1M BTC, what do you think will happen?). He became Maddoff...