(November 29, 2017 at 5:29 pm)Brian37 Wrote:(November 29, 2017 at 2:17 pm)Aoi Magi Wrote: The concept of cryptocurrency is great and I support it but personally I'm gonna wait for things to stabilize a bit
Yea and that is the rub considering hacking worldwide. While physical paper and coin are tracked by banks, they have far more stability. And you have paperwork and bank insurance too. While online technology has helped, just like your physical house, you cant live in a virtual house. At some point representation still gets physical.
I don't trust it, seems like virtual gambling, and from what I see from Wall Street outside this idea, right now, I think it is playing with fire.
I didn't mean stabilize in that sense. Compared to bank tracked currency, cryptocurrency is already better because the ledger is not maintained by one single bank but by every concerned node in the network. A house and money are different things, money has always been a virtual value assigned to random objects, and I'd much prefer that valuation process be fully transparent.
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