3 ms·
If crypto is mostly a "get rich quick" scheme and shortcut to riches plummeting prices will cool down the hype fast. There's no such thing as a money printing m
by MomoXenosaga 4y ago
If crypto is mostly a "get rich quick" scheme and shortcut to riches plummeting prices will cool down the hype fast. There's no such thing as a money printing machine that doesn't backfire.
- duped 4y agoIt's not a get rich quick scheme, it's a Ponzi scheme. o Once you can't convince new suckers to buy in the system collapses and the one left holding the bag loses everything.
- maerF0x0 4y agoif that's a ponzi scheme then so is the USD.
- burntoutfire 4y agoThe USD has intrinsic value - the US government insists on receiveing its taxes in USD, and only in USD. This alone creates trillions of dollars per year of real demand for USD. Crypto doesn't have anything like it.