Comment on SEC says it will deregulate cryptocurrencies with 'Project Crypto'

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icylobster@lemmy.world ⁨3⁩ ⁨days⁩ ago

Bitcoin specifically was never meant as a currency. There is a reason why people call it “digital gold”. I do find myself hesitant to buy it since people buy it with the goal of getting rich, it ruins the entire point.

In theory I actually love the idea of Bitcoin, something independent of resources. I know that sounds weird, but the moment asteroid mining gets big, traditional money storage will get rocked, hard. While something like Bitcoin, in theory, would be safe.

I see deregulation as generally a bad thing if you want any of this to be taken seriously and not be manipulated. At least, for most of them. In theory you could have a crypto that is very resilient to manipulation, I just don’t know if that exists right now.

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