Crypto-wars and dramas: who wins?
Posted: Mon Apr 19, 2021 11:39 am
Although I know this place is more chilled and civilized in discussions, I would like to comment on many spurred crypto-wars between different camps and different coin enthusiasts on other major social medias like Reddit, Twitter and probably including most of the major ones. Entire market is boiling with so called by me crypto-wars, one camp of crypto supporters 'talking trash' about other.
My coin is better, yours is scam, our TPS is 42069, your fees are too damn high, we have smart contracts, your coin has no value, your price is just a bubble...
and so on. And it's not just random people tweeting and posting angry comments but even major figures such as Charles Hoskinson CEO of IOHK (ADA Cardano development team) made rant videos and comments on social media recently about Dogecoin.
Instead of all crypto-enthusiasts being supportive with each other, we try to undermine other projects and camps so ours that we root for has a higher chance of success (typically a result of greed and money being involved). At the end of the day, we might put entire cryptoverse in the dark times as traditional financial system and governments take us down, as we get bad PR of toxic immature traders or it's called out to be used for scams, crimes, tax avoidance etc.
I do believe that it's time for crypto-enthusiasts to grow up, have mature discussions and support each other to prevail the future fight against traditional systems. Turkey is already banning usage of crypto and they are not the first and won't be the last to make a move like that. India is debating similar moves and threatens to confiscate people's assets. China had several shifts in opinions, now they plan to release their digital Yuan and are interested in investing into BTC. Meanwhile in US there are plenty of rumours and messages such as:
https://cryptoforinnovation.org/resourc ... inance.pdf
TL;DR Bitcoin use for illicit Finance has dropped significantly from about 7% to 1% and criminals are moving to other anonymous cryptos like Monero, since most crypto-transactions are public in blockchain for everyone.
Final notes: stay strong and united, build the bridges (pun intended) and acknowledge that other blockchains are not your enemies and can work together, quite literally. Paralel chains, layers, bridges, intermediary tokens using liquidity pools, LP tokens, coin pairs etc.
signed,
Peaceful Crypto-enthusiast
Banished Privateer
My coin is better, yours is scam, our TPS is 42069, your fees are too damn high, we have smart contracts, your coin has no value, your price is just a bubble...
and so on. And it's not just random people tweeting and posting angry comments but even major figures such as Charles Hoskinson CEO of IOHK (ADA Cardano development team) made rant videos and comments on social media recently about Dogecoin.
Instead of all crypto-enthusiasts being supportive with each other, we try to undermine other projects and camps so ours that we root for has a higher chance of success (typically a result of greed and money being involved). At the end of the day, we might put entire cryptoverse in the dark times as traditional financial system and governments take us down, as we get bad PR of toxic immature traders or it's called out to be used for scams, crimes, tax avoidance etc.
I do believe that it's time for crypto-enthusiasts to grow up, have mature discussions and support each other to prevail the future fight against traditional systems. Turkey is already banning usage of crypto and they are not the first and won't be the last to make a move like that. India is debating similar moves and threatens to confiscate people's assets. China had several shifts in opinions, now they plan to release their digital Yuan and are interested in investing into BTC. Meanwhile in US there are plenty of rumours and messages such as:
Meanwhile the recent report by a former CIA analyst says the absolute opposite:A number of officials — from U.S. Treasury Secretary Janet Yellen to European Central Bank President Christine Lagarde — have sounded the alarm about the use of bitcoin for money laundering, terrorist financing and other illegal activities.
https://cryptoforinnovation.org/resourc ... inance.pdf
TL;DR Bitcoin use for illicit Finance has dropped significantly from about 7% to 1% and criminals are moving to other anonymous cryptos like Monero, since most crypto-transactions are public in blockchain for everyone.
Final notes: stay strong and united, build the bridges (pun intended) and acknowledge that other blockchains are not your enemies and can work together, quite literally. Paralel chains, layers, bridges, intermediary tokens using liquidity pools, LP tokens, coin pairs etc.
signed,
Peaceful Crypto-enthusiast
Banished Privateer