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Dude, have you read about some of the early fuckery around stock markets circa 1800's or so? I forget who but one of the great American business barons fought o
by pdntspa 4y ago
Dude, have you read about some of the early fuckery around stock markets circa 1800's or so? I forget who but one of the great American business barons fought off a hostile takeover by cajoling his share certificate printer to print more shares.
I don't think very highly of crypto but if the stocks can shrug that off, so it can too.
- stjohnswarts 4y agostocks have some inherent value as a holder of value, crypto currentcies don't and don't have any utility beyond making the ponzi schemers at the top a bunch of money whereas companies actually make stuff that people use.
- xtracto 4y agoAt least some of them... There´s a reason why in the 90s there was huge SPAM on pumping penny-stocks. Right now, there are a bunch of crypto-currencies that do hold some inherent value (ETH, Golem, FileCoin, STORJ, Augur, Polygon, Polkadot, are some of them), and I am sure with time, more will appear.
- schredder 4y agoWhat is inherently valuable about any one of those examples?