Comment ALL Cryptocurrencies ARE SCAM!!! STAYAWAY!!! (Score 0) 9
ALL cryptocurrencies are just a new kind of scam, similar to Ponzi Scheme!!!
Isn't printing & issuing your own currency and/or stocks illegal & for really good reasons???
But isn't that what exactly cryptocurrencies really are doing???
Why do you think "Satoshi" took first 1 MILLION BITCOINS for himself & disappeared into hiding???
(Instead of proudly coming-out, if Bitcoin is really a great financial innovation???!!!)
Maybe to make sure law enforcement cannot catch him, if/when BITCOIN SCAM fails/uncovered???
Maybe to sell his 1M Bitcoins all @ once, when Bitcoin price reaches its top limits???
Would be a really good idea for government central banks to issue their own cryptocurrencies?
IMHO, the answer is ABSOLUTELY NOT!!!
We need to remember that, how BITCOIN price/value was keep increasing exponentially in the past!
(& it was pulling up behind all other cryptocurrency prices/values!)
& general public of whole world was starting to notice!
But, very thankfully, most of general public woken up from the spell later!
& price of BITCOIN dropped fast & stayed low for a long time!
& it is obvious, @ least 2 me, since those times, BITCOIN shills/promoters were keep trying to pump
BITCOIN price/value, again & again, hoping to jumpstart exponential increase back again!
& it is obvious, @ least 2 me, it does not really work, because most of general public still think BITCOIN is a scam!
IMHO, BITCOIN shills/promoters thought long & hard about how to gain back trust of general public!
& they found a solution: What if their own government(s) issued its own cryptocurrency?
(& they started lobbying politicians & central bank officials, no doubt!)
Realize that, then it would become easy to say/argue to general public that
"If cryptocurrencies are scam, then how come your own government(s) issuing cryptocurrency?"
What is the danger of general public trusting BITCOIN (& all other cryptocurrencies)?
Imagine that BITCOIN price starts to keep increasing exponentially again!
& this time there is absolutely nothing left to stop it!
& all public, all over the world, starting to invest all their money to BITCOIN (& all other cryptocurrencies)!
& # of people still investing any/all other legitimate investments decreases exponentially!
Realize then, whole world economy would collapse, sooner or later!!!
& IMHO, the danger of allowing FB etc large global companies to issue their own cryptocurrencies is also very similar!
Such a thing would also provide/mean a lot of official legitimacy/approval/support to BITCOIN (& all other cryptocurrencies)!
& also consider that, how each government controls/manages supply/value of its own currency, based on needs of their own economy!
& try to imagine, what would happen to each/all economy, if no such government control left/possible anymore (sooner or later)!
ONLY GOVERNMENT(S) SHOULD/MUST HAVE AUTHORITY TO ISSUE CURRENCY & NOBODY ELSE!!!
& that is also why ALL CRYPTOCURRENCIES SHOULD/MUST BE BANNED, GLOBALLY, ASAP!!!