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Latin America

DetlefK

(16,670 posts)

2. The problem with cryptocurrencies is that they are unregulated.

Reply to brush (Reply #1)

Wed Jul 4, 2018, 03:40 AM

Jul 2018

Cryptocurrencies are essentially a barter-economy where you trade virtual objects back and forth. It's not "money".

The big advantage of cryptocurrencies, being free from higher authorities, is also their greatest disadvantage: There are no regulations that prevent market-manipulation. There is no one responsible to keep the value stable.

Cryptocurrencies remind me a lot of the unregulated stock-market prior to the 1929 crash.

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Chavista says the world is excited about the Petro... but nobody can seem to find it anywhere [View all] GatoGordo Jul 2018 OP

Anybody heard anything of the bitcoin lately? brush Jul 2018 #1

The problem with cryptocurrencies is that they are unregulated. DetlefK Jul 2018 #2

Exactly. Value for values sake? GatoGordo Jul 2018 #3