Went to monitor property listings, and dear me the amount of forclosures is insane. In Colorado its almost 9/10 new listings. I can't even get prices because they are pre-auction.
Went to monitor property listings, and dear me the amount of forclosures is insane. In Colorado its almost 9/10 new listings. I can't even get prices because they are pre-auction.
*doubt
The only proven use for it is for facilitating transactions that are largely anonymous (in that you can't see who controls any given account) but otherwise public and irreversible. In principle this could be used for good, but mostly it seems to be used for scams, money laundering, selling child pornography, and that kind of thing. And it's not as if it's the first method ever developed for moving money around secretly, it's just often more convenient than carrying around suitcases full of cash or setting up fake businesses or whatever.
It also has a massive flaw in that it relies on 50+% of the community (defined by mining capacity or current funds, depending on the particular cryptocurrency) agreeing on what the correct set of transactions and balances are. Which is fine in an ideal world where the community is made up of thousands of ordinary people, but in our capitalist world the entire system is under the control of a few big companies who can easily fuck everyone else over if they agree with each other.
It honestly seems far stupider than Tulip Mania. The big thing in recent years is Tether, a cryptocurrency that is pegged to the US dollar by means of a shady company which supposedly holds vast dollar reserves in a tax haven. It's everything that cryptocurrency isn't supposed to be - it's under the centralized control of a particular company and it's directly tied to US monetary policy. But all the other cryptocurrencies are so volatile that it now dominates the whole ecosystem.