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As I learned from a quotation which is attributed to Mark Cuban, so-called “cyptocurrencies” are collectibles like baseball cards, rare postage stamps, and Fren
by Jistern 4y ago
As I learned from a quotation which is attributed to Mark Cuban, so-called “cyptocurrencies” are collectibles like baseball cards, rare postage stamps, and French impressionist paintings. Fundamentally they're all fads. None of them have any significant inherent value. Typically two types of people purchase them: either avid collectors or speculators.
Don't gamble. It's not a productive use of your time. It's also a vice. Spend your time doing something that is valuable and productive. Don't fritter it away or one day you will probably regret it.
- Ekaros 4y agoAnd now some of them have entered to fractional ownership... Meaning some people are there for speculation not even some type of ownership of collection... Or at least I think very few would think owning part of card stored somewhere is collecting... Really asking question does this make sense at all.
- BurningPenguin 4y agoI think you're confusing a Crypto with NFTs. One is virtual money, the other is virtual certificates.
- Jistern 4y ago
- deleted 4y ago[deleted]
- netsharc 4y agoI have a collection of broken pens on my desk... in theory I could also use them as units of currencies, I just have to find a sucker^W person willing to accept them as such...
- BurningPenguin 4y ago
- Jistern 4y ago