AgreeableLandscape@lemmy.ml to Technology@lemmy.ml · 4 years agoBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.inexternal-linkmessage-square16linkfedilinkarrow-up128arrow-down10
arrow-up128arrow-down1external-linkBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.inAgreeableLandscape@lemmy.ml to Technology@lemmy.ml · 4 years agomessage-square16linkfedilink
minus-squarelorabe@lemmy.mllinkfedilinkarrow-up4·4 years agoYes, the historical government owned currency system is the equivalent of that.
minus-squarelorabe@lemmy.mllinkfedilinkarrow-up1·4 years agoKeep in mind that a descentealized option tends to rely on market dinamics, which means that it will be another piramid scheme like bitcoin.
minus-squareDragon@lemmy.mllinkfedilinkarrow-up1·4 years agoI guess I was including bitcoin as decentralized. I’m just wondering if there’s a way to accomplish what bitcoin and other blockchain cryptos are doing without the insane volatility.
Yes, the historical government owned currency system is the equivalent of that.
I mean a decentralized option…
Keep in mind that a descentealized option tends to rely on market dinamics, which means that it will be another piramid scheme like bitcoin.
I guess I was including bitcoin as decentralized. I’m just wondering if there’s a way to accomplish what bitcoin and other blockchain cryptos are doing without the insane volatility.