The grim truth about cryptocurrency community

[MeGold666]

Almost everyone in this space is here just to "get rich".

Let's be honest, if not the "number goes up" most of the people who claim to "love" cryptocurrency would never got into it.

It shouldn't matter how this people got in but unfortunately the true intent has impact on the project itself.

People don't care about the freedom it gives, that's why so many hold their coins on exchanges which act like banks.
That's why so many don't use crypto to buy things, they just hold it and by just holding it they hold the whole revolution.

We will never see cryptocurrency being used on daily basis if people just keep holding it without using it.
This way they are killing the horse they ride on.

For the horse to be healthy it must run.

[philipma1957]

selling and moving btc left and right has nothing to do with making btc better.

BTC has a tremendous scaling issue
BTC has a reward to fee scaling issue.

If it moved like crazy fees would moon to 5 coins a block .

[MeGold666]

BTC has a tremendous scaling issue
BTC has a reward to fee scaling issue.

It has this issues in part because of the "hodl" narration, nothing is being done because nothing needs to be done.
It's Digital Stone! I mean Gold!

[larry_vw_1955]

Almost everyone in this space is here just to "get rich".

i hate to be the bearer of bad news but no one is getting rich in bitcoin. that horse has left the barn way back in 2013. even if it goes up to $250,000 you're just multiplying your money by 4 times. so you're not really getting rich unless you were already kind of rich. plus you risk it goes down in price before going up so drawdown.

people are sadly mistaken about what bitcoin can really do for them AT THIS POINT. not very much. better to think of it as a way to hedge against deflating fiat. and that's about it. all i would expect bitcoin to do for me.

[BitGoba]

Almost everyone in this space is here just to "get rich".

Let's be honest, if not the "number goes up" most of the people who claim to "love" cryptocurrency would never got into it.

It shouldn't matter how this people got in but unfortunately the true intent has impact on the project itself.

People don't care about the freedom it gives, that's why so many hold their coins on exchanges which act like banks.
That's why so many don't use crypto to buy things, they just hold it and by just holding it they hold the whole revolution.

We will never see cryptocurrency being used on daily basis if people just keep holding it without using it.
This way they are killing the horse they ride on.

For the horse to be healthy it must run.

In economics, Gresham's law is a monetary principle that states "bad money drives out good money." For example, if you have hard money like Bitcoin in circulation, whose inflation decreases every 4 years and moves towards zero, and the dollar, which is printed uncontrollably and quickly loses purchasing power, people will tend to spend the bad form of money that loses purchasing power day by day and save the good form of money whose purchasing power increases.

https://en.wikipedia.org/wiki/Gresham%27s_law