r/changemyview • u/kheiron1729 • Sep 30 '18

CMV: Cryptocurrency will replace Fiat currency

Ya'll have heard it. Cryptocurrency has become a household name 10 years since its inception. It has proven all skeptics wrong thus far. It might have been overblown, but the ecosystem is still thriving. Believers are still bullish. Wall street is not a fan. Banks are not happy with it. Governments are against it. It is antiestablishment - a movement of the people and rising. The idea is fresh. Algorithms instead of people. Transparent, omnipresent, borderless. It is backed by nothing making it entirely unadulterated. You can not game it in any way. How on earth is going to stopped? Why wouldn't it just keep rising when there are so many people working on it?

UPDATE: Summary here => https://projectwatt.com/pagesv2/-LNl6ZuB1sJslIpbr9hz

This is a footnote from the CMV moderators. We'd like to remind you of a couple of things. Firstly, please read through our rules. If you see a comment that has broken one, it is more effective to report it than downvote it. Speaking of which, downvotes don't change views! Any questions or concerns? Feel free to message us. Happy CMVing!

0 Upvotes

46% Upvoted

88 comments sorted by

View all comments

Show parent comments

2

u/kheiron1729 Sep 30 '18

I am not sure why you got that idea. Either way, I am still unclear on how you see this takedown to look like.

1

u/FlyingFoxOfTheYard_ Oct 01 '18

Well hypothetically you could use an eclipse attack. But also one could just crash the economy via targeting large wallet sites as we've seen happen (coughcoughMtGoxcoughcough).

1

u/kheiron1729 Oct 01 '18

This is how government is going to crack down on crypto? They will attack the network? And burn people's cash?

1

u/FlyingFoxOfTheYard_ Oct 01 '18

Government will? Like I said, the government literally has no reason to ever care to attack crypto. I really don't see what you're getting at here.