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Apr 24th, 2015
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  1. - Bitcoin and the general cryptosphere has stagnated in my opinion, in terms of both innovation and growth/diversity of the community
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  3. - I'm yet to see a Bitcoin business receive VC funding (the amount of funding in this space itself is ridiculous, in my opinion, and you'll see a VC-hurt Series A crunch soon) that has a provable business model (ie. one that generates profit) outside of exchanges and merchant services who simply take a % slice of their customer's business
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  5. - The community is very white male dominated, and there are a lot of anarcho-libertarian beliefs caught up in there which I really don't agree with. The community support of Rand Paul is just further (hilariously sad) evidence of this
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  7. - All the big events I've been to are dominated by the above, and the amount of diversity + observed sexism/misogyny/homophobia in the space is incredibly alarming
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  9. - Any tough discussions or criticism of Bitcoin, Dogecoin or anything in the space in which people have $ invested is met with anger fuelled attacks, because it potentially devalues those people's "investment"
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  11. - The space is a hot bed for scams, every week there is a new scammer in town and a story of people losing money. Those % charges merchants incur on traditional credit card payments? They exist for a reason, and that's insurance against fraud protection. I like the idea of being able to reverse charges if my bank account is ever compromised, personally
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  13. All in all, the cryptocurrency space increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzz-word filled business ideas which often fail in an effort to try and do so.
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  15. I've increasingly lost respect for a lot of people this last year (who I previously held in much higher regard) due to their lack of self awareness and blind faith / belief in the above.
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  17. So yeah, I'm done.
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