Cryptocurrency will never die

Me and my friend have been up to our necks deep in crypto currency and the recent drop due to China threating to take about 33% of the power. The markets are bleeding red. "Is this the end?" we thought. "Have we jumped on the train too late?" Then you look at the past years. Huge drop and even bigger rise. Huge drop and even bigger rise again. And this pattern seems to repeating itself over and over again. Then I started thinking. Why did cryptocurrency get big in the first place. Well for anonymous money transfer. Bit Bitcoin isn't anonymous. It can be tracked unless you go to a tumbler website and trust them not to take your coins. So very recently we have been making coins that are anonymous. Zcash, Verge. And why do we need anonymous money transfers anyway. Crime. Sex, drugs,guns, and a whole plethora of reasons we don't want the government tracking our money. As long as crime is around there will be reason for anonymous money transfer. And cryptocurrency will die when crime dies.

Sort:  

Congratulations @andrewwrath! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Vote
Award for the number of upvotes
Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.28
TRX 0.11
JST 0.031
BTC 68846.60
ETH 3872.96
USDT 1.00
SBD 3.66