Is anyone else fatigued by repeating the same arguments over and over forever? If I just state them here once maybe we can talk about new ideas (pro or con, doesn't matter).
1) There are no "real" cryptocurrency transactions
2) It's all speculation
3) There's no intrinsic value
4) Tulips I say, TULIPS!
5) If you can't pay taxes with it, it's not "real money"
6) Governments will shut it down
7) Transactions aren't really private
8) Mining uses more energy than entire nations
9) Nobody will ever spend a deflationary currency
10) It's only useful for drugs, assassinations, gambling and ransoms
11) It doesn't scale, not enough transactions per second, blockchain will get too big
12) It's too volatile to be useful
13) Since the exchange rate keeps rising it's not useful for payments
14) Since I can't buy coffee with it it's not useful
15) Since fees are high it's not useful
16) It's a scam, Ponzi, pyramid
17) The "market cap" is (a) too small to be relevant, (b) evidence of a bubble
18) Will never completely replace gold / national currencies / corporations so there's no value
19) There are a lot of shady exchanges that (a) get hacked, (b) steal customer deposits, (c) are secretly insolvent
20) If the cryptography gets broken / bugs or exploits are discovered and the whole thing goes to zero
Maybe so many new people are just now getting involved that we keep rehashing a decade of stale thinking?
Let's talk about some new ideas!
