12 CommentsThe problem that cryptocurrencies face is that they fail the two key metrics of what makes a currency a currency,” Donovan said. “A currency has to be a widely used medium of exchange. Cryptocurrencies are never going to achieve that. Period.”
“The fatal issue for cryptocurrencies is that the supply of them can only ever go up,” he said. “There is unlimited upside to the supply of cryptocurrencies.”
Eulogy made by Paul Donovan
There is also an unlimited amount of Dollars that can be printed… the main difference.. Dollars are based on debt… crypto is based on collateral!
Not a very intelligent article here people…just a BTC hater that doesn’t understand even the most simple concepts of cryptocurrency or any currency for that matter….move along.
Be nice to people this is new for everyone. There are no dumb questions,SM177Y
Saying the supply of cryptocurriencies can only go up is like saying the supply of fiat currencies can only go up – it says nothing of individual fiat currencies (e.g. US dollar, Great Britain Pound, Japanese Yen) or individual cryptocurriencies (Bitcoin, Ethereum, etc).
hahahahahaha. Glad this made the list at 99bitcoins.
Damn, wish someone had warned me of this before I started buying them five years ago.
They suck you dry?
Dumb! Are you illiterate?
lol you do realize the quoted person didn’t post this.