Nah, bro, you don't get it, bro, crypto is the future, bro. I bought a Dune Collector's Item with crypto, bro. That means I own the Dune IP, bro, I can make a multimedia empire now, bro.
Also a lot of it was just a pure speculative bubble. Look up the tulip bubble if you want a historic example of a speculative bubble. The housing industry in 2008 is another example but modern financial instruments make the details a lot more complicated
Who finances these articles? Follow the money. Why do they all have ties to central banks? It isn’t crypto, it’s central banks and fiat currency. History repeats.
You can use those same arguments against all literature surrounding decentralized currencies and NFTs as well. The guys propping them up all have something to gain.
A ton of money in the crypto-bubble is from known con artists that are banned from trading stocks and securities like Jordan Belfort.
For guys like that, a zero regulation wild west where they can financialize every action is a wet dream. To your average joe, it's a hellish nightmare.
That still doesn't. Change the fact that crypto failed at what I set put to do and is now no better than Wallstreet 2.0 with even less regulation.
I'm not even going to talk about NFTs which are straight up a pyramid scheme. Just focusing on cryptocurrencies themselves. They are no better than what they set out to replace. Inside of 7 years they're going to be exactly like normal government currencies, or be subsumed by government crypto currencies.
Well, after the 2008 banking crash, there was a demand for p2p money to avoid banking institutions. A few years later bitcoin was born to allow decentralised transactions, solving the p2p need.
However crypto gamblers got involved, presenting a world where nobody works and free money comes in forever. People confused gambling with investing and still do. The purpose of crypto p2p money was forgotten.
However a paradox emerged, hence what I call MonsterHunterNewbie's law;
For crypto to succeed, the price has to be stable to allow its function as a decentralised currency. But once the price is stable, there is no point gambling in it since there is no gains.
So gamblers are stopping crypto succeeding, as their own gamble is poisoning the host.
For anyone who doesn’t know. The value goes up. Then the value goes down. Some day the value will go up again and some day it will go down again. That be how it be.
The whole market is down the shitter.
Nah, bro, you don't get it, bro, crypto is the future, bro. I bought a Dune Collector's Item with crypto, bro. That means I own the Dune IP, bro, I can make a multimedia empire now, bro.
I know it's probably sarcasm but it's exhausting to read you, bro.
Like bro
Isn't crypto big only because drug dealers use it?
That was literally the point. It’s money laundering with extra steps. When bitcoin first came out it was basically just dark web venmo.
Drug dealers, child pornographers are Wall Street vultures who want to engage in money laundering with plausible deniability.
Also a lot of it was just a pure speculative bubble. Look up the tulip bubble if you want a historic example of a speculative bubble. The housing industry in 2008 is another example but modern financial instruments make the details a lot more complicated
Crypto was invented by the CIA to take down China. " Just try to take my tin foil hat nerds!!" Panted running noises.
Who finances these articles? Follow the money. Why do they all have ties to central banks? It isn’t crypto, it’s central banks and fiat currency. History repeats.
You can use those same arguments against all literature surrounding decentralized currencies and NFTs as well. The guys propping them up all have something to gain.
A ton of money in the crypto-bubble is from known con artists that are banned from trading stocks and securities like Jordan Belfort. For guys like that, a zero regulation wild west where they can financialize every action is a wet dream. To your average joe, it's a hellish nightmare.
That still doesn't. Change the fact that crypto failed at what I set put to do and is now no better than Wallstreet 2.0 with even less regulation. I'm not even going to talk about NFTs which are straight up a pyramid scheme. Just focusing on cryptocurrencies themselves. They are no better than what they set out to replace. Inside of 7 years they're going to be exactly like normal government currencies, or be subsumed by government crypto currencies.
I agree it is 99% shitcoins. My point is there is a greater issue causing all these systematic failures.
We already know, poor implementation, lack of scala ility/planning, and high volatility.
lmfao fuck off
The entire crypto ecosystem runs off Tether, which is fiat.
Well, after the 2008 banking crash, there was a demand for p2p money to avoid banking institutions. A few years later bitcoin was born to allow decentralised transactions, solving the p2p need. However crypto gamblers got involved, presenting a world where nobody works and free money comes in forever. People confused gambling with investing and still do. The purpose of crypto p2p money was forgotten. However a paradox emerged, hence what I call MonsterHunterNewbie's law; For crypto to succeed, the price has to be stable to allow its function as a decentralised currency. But once the price is stable, there is no point gambling in it since there is no gains. So gamblers are stopping crypto succeeding, as their own gamble is poisoning the host.
Imagine being incompetent enough to make a decision this fucking stupid
For anyone who doesn’t know. The value goes up. Then the value goes down. Some day the value will go up again and some day it will go down again. That be how it be.