Crypto Future
Pros
- Huge Upside
- Future
- Decentralized
Cons
- Currently looks like a pyramid scheme
- No one is accepting it for physical things
- Gambling
- Highly volatile
- Very new
- Speculation
- Lot of new companies
- Advertisements (Paid influencer marketing campaigns)
- No regulation
- Non productive asset - doesn't generate anything
- Timing the market is very important
- More cannot be generated (like printing currency for controlling markets)
- Cannot be taken from one person to give to other person
- Doesn't increase productivity of the world
- Doesn't create value (invest in businesses that creates value)
- Source code managed by Blockstream
- Why I lost faith in Bitcoin (as an early adopter and software engineer)
- The Money Flower and why Bitcoin is a ponzi scheme | Morten Bech | TEDxBasel