@AgreeableLandscape to Technology • 3 years agoBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.inexternal-linkmessage-square18arrow-up128arrow-down10cross-posted to: china
arrow-up128arrow-down1external-linkBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.in@AgreeableLandscape to Technology • 3 years agomessage-square18cross-posted to: china
minus-square@lorabelink4•3 years agoYes, the historical government owned currency system is the equivalent of that.
minus-square@lorabelink1•3 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-squareDragonlink1•3 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.