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RE: Crypto To End Communism - Jeff Berwick at the Miami Bitcoin Conference

in #dtube5 years ago (edited)

I've been an anarchist for at least 9 years. Crypto-currencies are impressive and might actually give me a chance to retire. It's no wonder the banking industry is so afraid of them. They are fixated on mining costs and cannot get over the fact that you cannot currently be profitable mining. This is actually good news for the network because big mining pools were gaining too much power. Bitcoin transactions are not being threatened yet by a long shot and other blockchains offer more more appealing returns. Bitcoin also remains an essential and powerful trading asset and I have faith the maximalists will keep it around for a long time.