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> from the uninformed to the informed Who's the uninformed here? In this case reddit broke the information asymmetry. This (total transparency) is the default
by cblconfederate 6y ago
> from the uninformed to the informed
Who's the uninformed here? In this case reddit broke the information asymmetry. This (total transparency) is the default in crypto(currency), and judging by history, people are not losing their money there.
- ganafagol 6y agoI suppose you mean "crypto currencies" by "crypto". Usually "crypto" for "cryptography" is the exact opposite of total transparency by being the craft of secret keeping. But moving past talking semantics .. let's just see what happens when a bunch of crypto currency bubbles burst. Then re-evaluate your statement that people are bot losing their money there. (To be fair, it will happen in the open, and not because of intransparency, which was likely your point.)
- imtringued 6y agoThe bitcoin bubble has burst so many times and every single time people declared bitcoin dead afterwards. It's getting boring. Just hold your bitcoin. The long term fundamentals are there.
- sub7 6y agoI dunno, that $21 double spend on 1/21/21 was pretty concerning. In addition, the fundamentals of Madoff were there too for very long while a greater fool existed. This "asset" doesn't produce anything, doesn't help produce anything, and can never pay a dividend. So IMO it's worth 0.
- ganafagol 6y agoBitcoin has fundamentals? GPU silicon?
- NicoJuicy 6y ago> judging by history, people are not losing their money there. Euh, Tether and dropping from 20 k to 4 k is "not losing money"?