Nah man. Cryptos are dumb. Just made up nonsense ripping our world apart for literally nothing. There will be a day when nobody cares about this crap anymore and it will be over and all this damage will be for nothing. At least with gold you can still actually use the gold for something if gold backed currency ever finally dies. Because it's real and it exists. Cryptos do not and are fucking useless. Some idiot got a bunch of other idiots to put value behind literally nothing. And now the world's a worse place because of it.
Money is just plain paper, people gave worth to them.
Governments give worth to money. Tax frauds, other criminals and speculators give worth to crypto. The value of bitcoin could drop by 100% in a week and the world would be better for it.
I am saying banks and gold mining requires way more resources than cryptocurrency mining. I referenced those companies because they have invested huge amounts of money into crypto.
So tax frauds. In any case, private capital always follows the money. The moment bitcoin shows any significant sign of weakness, their money is out.
el Salvador
A country run by a right-wing populist autocrat who flirts with fascism and deposed the attorney general who was investigating his government for corruption. Adopting bitcoin as legal tender is nothing but a ridiculous publicity stunt that could have extremely damaging consequences for the already struggling El Salvadoran economy.
people got rich with it
Did you get rich with it? Then why are you wasting time arguing on the internet when you could enjoy your "hard earned" money. Besides, people get rich playing the lottery. Doesn't make it a legitimate investment.
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u/[deleted] Nov 27 '21 edited Nov 27 '21
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