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/biz/ - Business & Finance

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58254974 No.58254974 [Reply] [Original]

How old were you when you realized cryptocurrency was a scam?

>> No.58255007

Blackrock and other giant companies are investing into a scam? Ok nerd.

>> No.58255065

>>58255007
yeah. crypto has fed backing at this point. can't be a scam, fucking idiot op

>> No.58255093

>>58254974
Cryptocurrency is the future of finance. If you don't understand how a decentralized system of immutable trustless transactions are revolutionary for an industry that wastes so much money purely on estimating trustworthiness of counterparties, you're just NGMI.

>> No.58255106

>>58255007
They gonna pump and dump the whole world m8

>> No.58255107

>>58254974
>How old were you when you realised that 99% of cryptocurrencies are a scam?
FIFY

>> No.58255205

Glad I'm a gme baggie

>> No.58255309

>>58254974
>the jpeg nft is just a link
>you can send money to an address nobody owns and it just disappears forever
>any transaction you make is on your permanent record forever so if anyone knows your wallet address they know everything you ever bought or sell. Cryptobros will tell you to literally join a money laundering scheme with cyber criminals to keep your transactions private.
>it consumers 1% of the world's electricity and it means fuck all.
>the very existence of shitcoins
>like this April fools joke, cryptobros don't understand the difference between line going up and down and real stocks. They think they're investors but they never used the word dividend in their lives.
>imagine trying to join mastodon, except it's 10 times worse and you lose real money if you do it wrong. They think this shit can get real adoption.
>if it got real adoption, it's an append-only excel spreadsheet. Imagine the fucking size of it if everyone was using it. Retarded ass solution to a problem nobody has.
>the only real use case for not using real money is if you're doing illegal things. It doesn't matter if you're buying illegal products or you just don't want to pay very high fees to transact legally between countries. You simply don't want to participate in the law. That is the ONLY use case.
>there is nothing stopping banks from making global digital money transactions that are easy fast and cheap to do a real thing. The banks will get better as more people use online shopping while crypto can only get worse as more people append to the database.
Crypto is a scam. It is obvious for anyone who knows a tiny bit about technology. I'm sure it's also obvious for anyone who knows about finance. So it's only not obvious for someone who knows nothing about either.

>> No.58255553

>>58255007
I understand why shitcoiners want to conflate everything in one big shit stew, but let's be real:
Blackrock is not investing in Apu or LynchNiggersInu.
Look at what they're actually touching and what they're staying away from. See if you can figure out what's actually going on.

>> No.58255834

>>58255007
>the more "credible" scam entities are investing in crypto

Retard.