Isn’t it important who is controlling your money?
@dusty Could I ask, Okie, do you have a technical understanding of cryptocurrency?
Personally I do not, meaning that if I look at the code I have no clue where to begin, how it fits together or what it means. I have no coding skills at all.
I ask this question because I feel it is really important to understand how extremely early on we are in the history of cryptocurrency. It is way too early to just call it “money” - that’s not just my opinion; there is not much consensus between governments, financial experts, etc. on the matter, although it looks like many are leaning away from defining cryptocurrency as “money”. But there is no consensus across the world, as there is with paper currency, for example.
It is crucial to understand that the whole cryptocurrency scene is in “alpha” or “beta”. I believe that in layman’s terms this means anything from experimental to unfinished. No-one involved in cryptocurrency should pretend that they do not understand this. And if you understand this simple fact, then you understand that you must take responsibility for your own decisions to buy cryptocurrency.
A cryptocurrency dev is not your bank manager - he is a computer programmer working on an experimental project. There is no contract between you and any cryptocurrency dev, so you would be mad to let them “control your money” wouldn’t you?
A cryptocurrency dev does not control your money - you do! I think that if you like a project and have a good feeling about the team then it is worth concentrating some positive effort into the project. Otherwise it’s best just to forget it.