April 26, 2024

Crypt.

I came across this blog.

As a person interested in crypto for many years, I want to express my opinion. Eatwonderful cryptocurrency Tether (in theoryanalogue of USD), which is printed by the owners of the no less wonderful Bitfinex exchange, and so coincides constantly that after 100-200 million Tether are printed, the price of the cue ball makes a sharp counter-trend movement. At the moment, Tehther is ranked 4th on Coinmarketcap and is confidently moving towards first. There is no audit; the printing of virtual dollars has not been confirmed by the presence of real ones for a long time. There is an investigation against Bitfinex in the USA, class action lawsuits, but they are still trying to tell us that Bitcoin is the future and its price is about to be 100k forever green. No, gentlemen, crypto in its current form is a bunch of gamblers, freaks and scammers. The same bitcoin cannot be exchanged for a dollar without a significant discount for any significant amount, it is impossible to pay officially for a product or service (except in Japan), it is impossible to buy from a legal entity. faces, there is a danger of “attack 51”, etc.
The mass of smaller cryptocurrencies is absolutelyuseless crap that has no value at all. Thousands of icos that raised millions of dollars turned out to be just a scam. Even crypto projects that announced high-profile partnerships were unable to implement anything (example IOTA: partnerships Bosch, Indesit, Volkswagen - result 0, and recently they stupidly turned off the network for a month).
Crypto has a future only as part of the global economy, only by integrating into existing economic chains. No Central Bank will outsource the function of issuing money.
PS everything stated above is purely a personal opinion.