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FriscoKid96 t1_j6f0z4k wrote

Reply to comment by FriscoKid96 in TIFU by buying too much crypto by Colinian18

Yes yes, hate that which you don't understand but will be forced to use when the government adopts crypto technology in fiat currency systems. Understanding things before passing judgement tends to be a more effective way making decisions, for adults at least.

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regular_gnoll_NEIN t1_j6fqf8n wrote

>when the government adopts crypto technology in fiat currency systems

This is the worst possible outcome for crypto bros, seeing as the second government adopts it with actual protections like the one they have on banks that go broke, or the stock market, the crypto market will crash faster than wile e coyote off a cliff. Which is pretty fast considering how volatile it already is.

>Understanding things before passing judgement

We can do both.

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mojobox t1_j6heqtj wrote

Funny how you guy are never able to fathom that someone fully understanding the technology comes to the conclusion that it’s not the best thing since sliced bread.

If a government decides to adopt crypto technology it won’t be any of your existing beenz.

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FriscoKid96 t1_j6hf0v0 wrote

Government adoption of crypto is bad for a variety of reasons. Maybe if you fathomed one or two of those you would have a little fuller of an understanding.

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stormdelta t1_j6ji0m4 wrote

> Understanding things before passing judgement

As a software engineer with a decade of experience, I understand the tech better than you think. And spoiler: most experienced engineers are skeptical/critical of cryptocurrency as anything but a risky speculative asset (i.e. gambling) at best.

> government adopts crypto technology in fiat currency systems

If you're talking about CBDCs, nobody is seriously proposing those use cryptocurrency chains because it would literally defeat the only supposed point of the tech.

Even the use of CBDCs at all is honestly a bit questionable, as there doesn't seem to be much real need for them in most places, and people are worried after seeing what China did with theirs.

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