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Thats a weird thing to brag about - if talking about past returns there's few 'cash flow producing assets' that'd have done as well as just putting the money in
by Tenoke 5y ago
Thats a weird thing to brag about - if talking about past returns there's few 'cash flow producing assets' that'd have done as well as just putting the money in btc.
Also flash loans don't take anything out of your wallet/account either and I know of people whose bank accounts have been hacked.
There's plenty to complain about btc but you've somehow chosen the least convincing argument for why you are a noncoiner.
- Clewza313 5y agoBitcoins do not produce any cash flow, the only way to profit is to sell them to a greater fool.
- Tenoke 5y agoThere's plenty of crypto (including e.g. ETH) that does so via staking but that wasn't the point anyway.
- Clewza313 5y agoNo, this was the GP's point. Many of those "salty nocoiners" are invested in assets that produce reliable cash flow, which is considerably safer than holding a purely speculative asset like crypto.
- deleted 5y ago[deleted]
- NicoJuicy 5y agoVictims of bank fraud mostly receive their money back by the bank. This one recent example of an crypto exchange that fled with the money, has defrauded more in value than the entire ACH payment system worth ~51T ( fraud = 0,0008 % = 0,08 basis points). https://www.engadget.com/africrypt-bitcoin-disappearance-174636634.html https://www.engadget.com/africrypt-bitcoin-disappearance-174... https://silamoney.com/ach/understanding-the-basics-of-ach-fraud/ https://silamoney.com/ach/understanding-the-basics-of-ach-fr...