You are viewing a single comment's thread from:

RE: Bitcoin’s Original Sin

in Rant, Complain, Talk10 days ago

I was on the other side saying "be careful what you wish for" and was called an asshole.

As was I. The hype was so strong than anyone questioning it was attacked. The allure of wealth is just too strong, I suppose.

Where we go from here is a tricky part - can we regain financial freedoms that we started to explore?

I don't know. It won't be with BTC. We can still trade that one, but it's now part of Wall Street and is little different from trading any stock. I'm optimistic that smaller alts like HIVE might continue to fly under the radar and escape the increasing regulation. Price-wise, we will continue to be heavily correlated to BTC, I guess, but maybe we can carve out a space where we care more for those original ideals than money. But I don't know... Hive is currently controlled by a cartel of its own that makes it even less decentralized than BTC has become. So... I don't know.

Sort:  

Yeah for sure it's going to be the alts that reign supreme in terms of the tenants of true decentralization and crypto's principles. I know that places like Hive have their own issues with that, but I think we are making moves in the right direction. Whether those moves have enough of an impact is to be determined.

I think at this point with Bitty, I'm going to keep it until it serves my purpose. I am hoping to be able to trade it or sell it for something important. Whether that happens or not remains to be seen, but at least I can get something out of it instead of holding it forever.