What is going on with whole crypto?
Something is seriously wrong.
ICO enforcing KYC for investors and bounties, people are sharing their info with completely strangers, bitcoin ban, heavy exchange regulations, people literally sold their houses to buy bitcoin etc etc, list is quite long.
Isn't bitcoin meant to be something...anonymous...decentralized...p2p? I thought whole idea was "digital money without banks involved".
So, what has changed? When "internet money" become "get rich over night" scheme? When bitcoin become "i will invest in bitcoin because bitcoin will increase its value"?
Since when bitcoiner care about what JP M and other bank scumbags think? Since when we share our ID's with strangers over internet? What the fuck guys?
I have feeling that this world is not ready yet for bitcoin. Maybe somewhere in future. When people do realize beauty of it. When transaction fees drop seriously down. When confirmation speed increase. And what is most important when people do realize that they can use bitcoin to buy things and not only use bitcoins to cash out.
No, this is not another whine topic about bitcoin price. If you think it is read topic again. And again until you understand it. Deeply.
Hard to say anything else than.. I agree with you. So completely.
I think this is also "part of the game", you know, in order to attract new people in the community, to make it grow quickly, talking about short-term profits can be good. Logically, amongst the people attracted in the first place, many will quit because it is not the eldorado they had been teased about... But some will stay and they will make part of the core of the community, perfectly aware that bitcoin is not a mere source of short-term profit.
I don't know how/when we have lost the original idea but indeed, some (influent) people within the bitcoin community are quite far from what bitcoin should be.
Still, as it is the historical crypto, I hope it will last. Maybe, after a huge slowing down, we can go back with the original idea...