At the time of the announcement, the moderators of most of the subreddits involved with the community points program claimed to be unaware of the decision.
I do think that crypto does have a place in the future, but not as a security, which is the current mindset behind most crypto.
Where others deposit large amounts of wealth into a pile… and that money is supposed to grow infinitely…
That’s not how you use a currency like the USD or British pound are used. Money is a tool for us to understand the value of our items that we exchange or our labor that we create.
It has to circulate like a blood flow through an economy. And crypto is treating it more like a blood clot.
I guess people are just tired of the currently rigged stock market. Wall Street and Hedge Funds have made it such that they never lose. It’s not cool that the SEC is not unbiased and even the U.S. Govt has interest in making anybody lose vs. the incumbents.
Sums up the state of crypto pretty well
I do think that crypto does have a place in the future, but not as a security, which is the current mindset behind most crypto.
Where others deposit large amounts of wealth into a pile… and that money is supposed to grow infinitely…
That’s not how you use a currency like the USD or British pound are used. Money is a tool for us to understand the value of our items that we exchange or our labor that we create.
It has to circulate like a blood flow through an economy. And crypto is treating it more like a blood clot.
I guess people are just tired of the currently rigged stock market. Wall Street and Hedge Funds have made it such that they never lose. It’s not cool that the SEC is not unbiased and even the U.S. Govt has interest in making anybody lose vs. the incumbents.