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RE: "All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down

in #markets7 years ago

It pisses me off that altcoins must suffer at the instability in Bitcoin, that for some reason coins that have direct fiat pairs and no scaling problems are dumped just reeks of speculation and collusion. I hope the space can grow out of that.
I'd like to see more people in the crypto space getting involved with core communities and spend less time speculating on price.
Rant over :)

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Agreed - in fact the tie to bitcoin is in some ways a form of centralisation. What we need are more fiat gateways to disconnect bitcoin from altcoins - everyone has known it since altcoins have existed but the regulatory framework in most countries makes it difficult and risky.

Yeah that's what I like about what Lykke are doing, I hope as they get registered in more locations and can lead the many to many revolution.
Still the centralised 'trading' exchanges influence will still be very powerful. It just takes some time I guess.