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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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17935710 No.17935710 [Reply] [Original]

can someone explain to me whats' the point of crypto coins?
It's seems the only reason people buying them is to sell it later for USD.
Why would regular person would accept crypto coins?

if the USD crashes to crypto points will crash too, also aren't crypto coins dependent on too much Infrastructure, like electricity and such

I know that regular money is dependent too, but little bit less because you have cash and some backed gold.

It's seems just like stocks for me(someone will have to lose eventually)

>> No.17935734

Shhh! You’re talking too much sense for this site.

>> No.17935771

>>17935710
That's correct. It is just stocks and people looking to turn coins into more "Fiat money" down the road

>> No.17935781

>>17935710
>to crypto points
The crypto coins*

>> No.17935787

>>17935710
Dude... We've been asking them this since og m00t built this containment board. It's a greater fool tulip scam, and they just refuse to hear that. Don't even waste your time.

>> No.17935811

>>17935710
Crypto itself has no real purpose. It's an anarachist haven too "beat the system"

The underlying technology of Bitcoin? That's another story. Big tech corporation will/have utilize the fundamental of Crypto too improve its own infrastructure.

>> No.17935835

>>17935811
*the fundamental of blockchain

typo

>> No.17935858

>>17935811
>underlying technolog
Spreadsheets. Fucking spreadsheets...

The technology exists and operates more efficiently on a mobile phone than a public ledger that consumes as much energy as an industrialized nation.

It's all so tiresome.

>> No.17935877

Then how come its accepted in venezuela and argentina?

>> No.17935889

>>17935710
Because it’s part of the plan:
https://m.youtube.com/watch?v=jfx7PnMtCeY

>> No.17935921

>>17935877
I guess because they can sell it for USD
But again, I think it's like a bubble/ stocks

>> No.17935952

>>17935710
Illegal transactions like drugs, hookers, and murder.

>> No.17935955
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17935955

>>17935710
>dude whats the point of holding usd anyway, it seems like in the end you're selling it for toilet paper anyway, so why not just horde toilet paper huuuurrrr duuurrrr

>> No.17936082

Summer is coming

>> No.17936114

>>17936082
It’s every shithead boomer and nufag that have to stay home. It’s going to get rough