Although Elliott dedicated three pages to cryptocurrencies, there doesn't seem to be a strong
argument against cryptocurrencies.
The biggest
argument against cryptocurrencies is that unlike fiat currencies, they do not have the backing of any government.
Not exact matches
The «bank for central banks» has released a paper on the possible impact of state - issued
cryptocurrencies, as well as
arguments for and
against the introduction of such monetary instruments.
An
argument for or
against the
cryptocurrency and traditional money respectively can be better understood by thinking along these lines.
The most popular
argument leveraged
against brands enabling
cryptocurrency payments is consumers won't use it.
Quite a lot of the time, the
arguments made
against specific alternative
cryptocurrencies are justified; however, a strong case can be made that the position provided by Krawisz — that altcoins are bad in principle, and not just in implementation, goes too far.
With the implications of forks and the journey of
cryptocurrency itself still in the early days, there are mixed opinions within the fraternity as to how valid any for or
against argument can be.
Promoting blockchain technology while dismissing
cryptocurrency is becoming a common
argument among those
against the core principles of decentralized currency.