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RE: Musing Posts

in #musing-threads6 years ago

Yes I do get that feeling sometimes. I think you are right on target when you say that it is something akin to a sports arena. I also feel that as long as the competition is fair, then it might actually be good for us. Free markets are just that - Free. 

Maybe it would be a good thing for the markets to thrive by the competitiveness of the people supporting their projects. I am obviously assuming that people supporting their projects are doing so because they understand its importance to the market.

There are so many things that government and centralized institutions are doing to slow the growth of crypto. Some of these reasons are:

1. The government and central banks have run propaganda campaigns against the crypto 

2. The banking system can be used to manipulate the inflow and outflow of fiat from the cryptocurrency market and it is even now being abused to slow the growth of the crypto market

3. Crypto has been subjected to several unjustified regulations in the  markets all over the world (India is a prime example in this case)

Under the affect of these opposing forces, I think it is really good that the market is being so competitive internally. That being said, I won't deny that some this competitive spirit has taken a negative turn oni form of scams and sabotage.