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Re:The blockchain paradox: Why DLTs may do little to transfo... by scient on Wednesday June 14, 2017 @04:24PM (#14555823)
People who claim BTC is the next mainstream currency are delusional. Its an investment commodity right now, and its way too volatile, way too little regulated and capped too low to be a serious currency contender. Seriously, the real world does not work that way, and thats not necessarily a bad thing. This goes especially for the whole decentralized and uncontrolled/unregulated part - I see it as bad thing, a lot of the regulations are in place to avoid anarchy and protect the consumers (admittedly there are also regulations that totally screw the consumer in some cases).
Re:The blockchain paradox: Why DLTs may do little to transfo... by Terr_ on Wednesday June 14, 2017 @09:25PM (#14557266)
Right, and the problem (too much speculation, not enough actual economic liquidity) isn't even just a quirk of human behavior: Deflation is baked into the design.