smeeding

3 ms·

1. 1.▲
   by smeeding 4y ago

   Whatever you’ve gotta tell yourself, buddy. I make reliable extra income every month relieving experts and believers like yourself of your crypto capital, so by all means, never change. The system needs suckers.
2. 2.▲
   by smeeding 4y ago

   Cryptos have value because their investors all agree that they do. That’s where it ends. If those investors stopped believing that, their value would drop to zero because there’s no underlying material value supporting it’s market value. Th
3. 3.▲
   by smeeding 4y ago

   > all work this way Do they though? Unlike cryptos, gold and stocks have real material value behind them, not just community buy-in. You can make the art/baseball cards/stamps argument, but then you’d be conceding that the valu
4. 4.▲
   by smeeding 4y ago

   I think the Ponzi claims stem from the fact that so many people are in the market for speculative profit (and not to revolutionize finance or whatever), and the fact that earlier investors can only capitalize on their investments by prosely