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Yeah, it is pretty easy, crypto value is built either on Ponzi or on the Greater Fool principle. National currencies, issued by states are not a scam.
by stephc_int13 4y ago
Yeah, it is pretty easy, crypto value is built either on Ponzi or on the Greater Fool principle.
National currencies, issued by states are not a scam.
- SparkyMcUnicorn 4y agoSo crypto is more similar to stocks? Saying they're all scams just because of that seems harsh.
- stephc_int13 4y agoNo, stocks are not tied to thin air. Stocks can crash, and some of them are scams, but most of them are not, contrary to crypto.
- tasuki 4y agoI agree cryptocurrencies need a greater fool to have value. But how then are national currencies different? The same greater fool principle applies: if no greater fool wants the national currency anymore, it ceases to have value.