Crypto projects may run out of money but this does not mean they'll run out of believers

in #crypto7 years ago

As long as some people believe in the crypto future there will be a crypto community. The price can be high or it can be low. The casual users can come or go or come back. The builders aren't leaving. The believers aren't leaving. And the visionaries aren't leaving. If you think you can use crypto to make your life better or the world better why would you leave?

If on the other hand you agree with Nouriel Roubini why would you stay?

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I think most cryptos will fail and Bitcoin will go through its cycles as usual with the next time spurred by geopolitical or technological achievements.

I believe in God. And in the crypt too.
Thank.

Roubini's views disgust me. He can't be as stupid as to disregard the considerable risk of corruption in centralization. He sounds like a shill.

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If you are extremely successful in the old (traditional) economy why would you be thrilled about this crypto stuff?

Roubini is nothing but an economist, not an extremely successful businessman. That he fails to see how the third world is utterly hopeless without distributed consensus technology marks him as a fool or a tool in my book.

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Believers might not leave crypto, but they better leave the toxic projects for those with a real solution. Top heavy pyramid schemes are not a revolution, it's the same old bullshit.

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How do you know any revolution isn't always just a giant pyramid scheme in the end? Which economy didn't end up as a pyramid shape?

But that is the beauty of crypto. You can design the shape of an economy. Steem was designed to benifit ned and his homies. We can build something with a much fairer inflation/distribution scheme, and it will happen.

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