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Crypto != Bitcoin You were meant to slay dinosaurs, not become one Banks used your money and bought risky assets that crashed the entire market in 2008. Did y
by puranjay 6y ago
Crypto != Bitcoin
You were meant to slay dinosaurs, not become one
Banks used your money and bought risky assets that crashed the entire market in 2008. Did you benefit from it? Did most people?
Banks deploying risky tactics to maximize profits and crash economies every 10-15 is somehow fine. Heck, you jump fences to hand them your money.
But if you own your own money and decide to take on the risks, it's...a ponzi?
- louwrentius 6y agoThanks for the ad-hominem. No thanks for the misplaced whataboutism. And yes, all cryptocurrencies are ponzis. Because they don't create value. They just extract it from other people.
- Mithriil 6y agoPlease stop putting all cryptoassets together. Bitcoin is not equal to, say, Filecoin or Avalanche in many ways. For some cryptos, the tokens have an intrinsic value based on the service offered by the network. Filecoins will actually get you data storage, which has value, as a service. When running smart contracts on other people's computer with Avalanche, they compute stuff for you, as a service. This cost some fees in exchange, which are paid in tokens. The fact that you believe that ALL crypto has no value created talks of lack of knowledge of many projects out there. Although I do agree that Bitcoin shouldn't be used as it is rn.