> If everybody has to trust one or more parties anyway, then there is no need for a blockchain.
You sound very confused. Everyone does not need to trust one party. The system as a whole is trusted, or should I say, more trustworthy, because of its trustless nature. If you do not trust yourself to be the custodian of your own cryptocurrency, you are free to trust someone else instead.
> I'm concerned with the fact that there are only fraudsters in the cryptocurrency space.
That's just a lie and you know it. It doesn't sound like you are interested in a good-faith discussion, but are interested primarily in hating on cryptocurrencies. Anyway, you will be a user of cryptocurrencies in short time (as I mentioned above: https://hackernews.hn/item?id=37163640 and here: https://hackernews.hn/item?id=37168477), so this conversation is somewhat silly.
> Because without those defenses, the market won't be able to attract new ~~suckers~~ sorry, "investors", and the speculation bubble will pop, leaving you holding the bag.
This again reveals your ignorance of cryptocurrencies. You are angry at something you do not understand. Do you display this sort of anger towards commodities too? If not, why not? They are no different from many cryptocurrencies. What about dollar bills? Do you start cursing at them?
You sound very confused. Everyone does not need to trust one party. The system as a whole is trusted, or should I say, more trustworthy, because of its trustless nature. If you do not trust yourself to be the custodian of your own cryptocurrency, you are free to trust someone else instead.
> I'm concerned with the fact that there are only fraudsters in the cryptocurrency space.
That's just a lie and you know it. It doesn't sound like you are interested in a good-faith discussion, but are interested primarily in hating on cryptocurrencies. Anyway, you will be a user of cryptocurrencies in short time (as I mentioned above: https://hackernews.hn/item?id=37163640 and here: https://hackernews.hn/item?id=37168477), so this conversation is somewhat silly.
> Because without those defenses, the market won't be able to attract new ~~suckers~~ sorry, "investors", and the speculation bubble will pop, leaving you holding the bag.
This again reveals your ignorance of cryptocurrencies. You are angry at something you do not understand. Do you display this sort of anger towards commodities too? If not, why not? They are no different from many cryptocurrencies. What about dollar bills? Do you start cursing at them?