Blockchain/Crypto Paradoxes

Source: BankUnderground, Nov 2018
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Existing private cryptocurrencies do not seriously threaten traditional monies because they are afflicted by multiple internal contradictions. They are hard to scale, are expensive to store, cumbersome to maintain, tricky for holders to liquidate, almost worthless in theory, and boxed in by their anonymity. And if newer cryptocurrencies ever emerge to solve these problems, that’s additional downside news for the value of existing ones.

  1. The congestion paradox
  2. The storage paradox
  3. The mining paradox
  4. The concentration paradox
  5. The valuation paradox
  6. The anonymity paradox
  7. The innovation paradox

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