Since this is science please make no discussion about how crypto currency is bad, I think we are all in agreement it’s a giant waste of electricity used only for cp and drugs. Let’s discuss only ways crypto currency could be destroyed. Would introducing fake crypto currency destroy the value enough to make it worthless, or would there have to be a more brute force method of destroying the program itself or possibly targeting mining rigs with viruses? I’m not a computer expert that’s why I’m asking you people.
Maybe killing bitcoin would be impossible but targeting a much smaller crypto currency could help lead the way in destroying crypto in the future.
It will die this fall, don’t worry, it cannot sustain itself money flow wise, and rn it’s getting flooded with people who will become bag holders of worthless shit
:capitalist-laugh:
there’ll never be a shortage of capital under capitalism so long as people who need food, water and shelter exist. there are advanced economies with negative interest rates where depositors have to pay interest to the bank to deposit money. in america interest rates have been positive but less than 1 with inflation remaining stable around 1.5%. so long as fat capitalists lose money with traditional banks, they and their pilot fish will put some of their money into crypto because it could go either way, whereas banks could only go one way.
if there’s a crisis coming this year, six months after the crisis the insanity will be back. none of this makes sense because the entire foundation of the economy makes no sense.
Shortage of capital as an entity sure, shortage of capital as a function of productive economy? I’m not so sure, plus people don’t like getting burned
