/biz/ - Business & Finance

[Anonymous No.56308546]

I think crypto might actually be a scam

[Anonymous No.56308549]

I think op might actually be a faggot

[Anonymous No.56308815]

Who's have though a heavily manipulated negative-sum speculative market would turn out to be a scam

[Anonymous No.56309033]

Crypto is supposed to be this open source and trustless financial system, but ~80% of people who invest actually understand how it works. Basically crypto is programmers telling people that you should trust them with your money more than banks. And non-technical people who don’t trust the banks believe them. And most people are just in on it for the money.

[Anonymous No.56309043]

crypto itself is not a scam. well specifically bitcoin is not a scam. the majority of alts are scams. crypto is a tool that is often used by faggots to scam other faggots

[Anonymous No.56309048]

>>56309033
This. The entire value of crypto is based on what people think about it. If you say this then you are called a bear simply because you are seeing things as they are and not engaging in the belief system.

[Anonymous No.56309065]

>>56309033
someone should go to a crypto conference and ask attendees technical questions about crypto. I would bet that a lot of people would look stupid/delusional

[Anonymous No.56309078]

>>56309033
>most people are just in on it for the money.
The money is nice but I enjoy the culture and mischievousness of it

[Anonymous No.56309126]

Chainlink is the only token needed. Thanks for playing.

[Anonymous No.56309142]

>>56308815
N-n-no but I have a worse-than-roulette chance to win money if I make the right bet-erm, the right investment!

[Anonymous No.56309144]

>>56309126
Take time to admire my OC Pepe

[Anonymous No.56311001]

>>56309043
There is nothing differentiating bitcoin from any other crypto. They all require energy expenditure to run and ergo lose value over time. The only way to make a profit is at someone else's even greater expense.

[Anonymous No.56311016]

>>56309048
>The entire value of crypto is based on what people think about it
Yes you're describing demand. Value of everything is based on supply and demand, crypto included.
>b-b-but crypto demand is fake
Not any more fake than demand for any other financial instruments.

[Anonymous No.56311450]

>>56311016
>other financial instruments
Shiny rocks, big prime numbers, and beanie babies are not financial instruments.

[Anonymous No.56311456]

>>56308546
https://www.youtube.com/watch?v=53R10n2l4gM&list=PLA4YHqjbsJV5W1Omz0PJGJCODXKc5L899&index=18

[Anonymous No.56313034]

What? No, OP you don't get it, you don't. Listen. Kava connects Ethereum with Cosmos, right? So the slow+expensive smart contract issue is resolved thanks to Cosmos' technology, making DeFi a more viable way of- Op, where are you going I'm not done explaining. I haven't even explained what liquid USDT is and why it will change the future of-...

[Anonymous No.56313042]

>>56308549
FPBP

[Anonymous No.56313049]

>>56309126
These kinds of posts are only making sure I never even attempt to touch that garbage.

[Anonymous No.56313052]

>>56313034
kek
once you start adding more and more steps the clearer it gets that it's iffy at worst.

[Anonymous No.56313061]

>>56308549
how did you come to that conclusion?
>>56309033
its all fairy tales and shit on fixing real world prolbems but in the end it all amounts to fixing the problems it itself created in the first place. it's been this way since 2007.

[Anonymous No.56313064]

>>56313034
Holy fuck, kek.
At least you're self-aware that talking about some no name ecosystem as if it's the 2nd coming of Christ only gets you no feedback in return

[Anonymous No.56313068]

>>56313034
Fuck. That's really how I sounded when I tried to get friends into buying ETH about six years ago. So fucking cringe.

[Anonymous No.56313076]

>>56309078
this
at the very least ive never had this much fun trading tradfi, ever. crypto is not my main thing but i do dabble every now and then and its just fun. economically speaking its scary but otherwise, fun.

[Anonymous No.56313424]

>>56308546
I think you're onto something.

[Anonymous No.56313442]

>>56313068
Kek
I'm done explaining shit to a dumb a$$ friend who can't fathom how this operates but draws conclusions based on ignorance, calling it a scam. The best reply is to buy a few low caps and wait for them to turn big; afterwards, get some luxury cars and a house and watch them beg and ask how.

[Anonymous No.56313460]

>>56313076
It is always fun. Wait for the bull market to surface; it will become more easy to deal with.
>>56313424
Probably nothing. What made you say that in the first place?

[Anonymous No.56313465]

>>56308546
Most of it is and I'm looking forward to it dying save for the few that get kept as commodities and securities. The era of every jeet being able to run a rugpull scam is coming to a close soon and that's a good thing.

[Anonymous No.56314106]

>>56309033
>Crypto is supposed to be this open source and trustless financial system
The original goal got lost in the money grab, but it's a relief to spot actual, practical solutions like the new Librescan by QAN. Sick and tired of all those centralized crapfests.

[Anonymous No.56314147]

>>56309065
One of the things I realised when I learned to code so I could build something in crypto was that it was all indeed a scam.

[Anonymous No.56314161]

>>56313442
>buy a few low caps and wait for them to turn big; afterwards, get some luxury cars and a house
lol if you really believe this

[Anonyous No.56314326]

>>56308549
source?

[Anonymous No.56314481]

>>56314161
Ofc. I'm speaking from experience. I've made the most of the space, and I've lost some. I don't really need to preach the word for them to understand before buying. Anything I use, they ask and use, down to my choice of debit card (often use tap fintech) and assets I bought. It's paying off so well for them. Imagine if they listened to me when I said buy doge, shib, and eth when it was undervalued.

[Anonymous No.56314779]

>>56309126
Whats it going to link if there isn't anything else?