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/biz/ - Business & Finance

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7870500 No.7870500 [Reply] [Original]

Crypto is actually just one step ahead of ponzi schemes in terms of scams. While it may have a real world use, the price of each individual coin will eventually depreciate to their real value. It's just not practical to use if you need to pay a big stack of cash to use. Electricity fees and transaction times are already through the roof and you guys really think a company is gonna want to pay $1000 every time they want to decentralize something. Lol, think outside the box for once.

>> No.7870754

>>7870500

>Bitcoin 100k eoy
You hang yourself for not buying the dip

Imagine being you anon, knowing about crypto at the ground level, don't buy, see every retard, Autist and pajeet get filthy rich in a once in a lifetime opportunity. Yet you stay wage cucking in 2020. I pity you

>> No.7870800

>>7870500
People bringing transaction fees and speed as argument fail to realize the value comes from being decentralized and free from the federal reserve scam.

>> No.7870807

>>7870754
He thinks we're at the ground level when every motherfucker knows about this shit.

The ground level of this Ponzi scheme is over. Once a Ponzi scheme crashes, there's no going back dumbasses.

>> No.7870903

>>7870500
I’m a noob. How would companies use this tech? Eg would they have to buy coins like Lunk or Ethereum to use features of ethereum based tokens? Maybe I’m not understanding what you are saying

>> No.7870960

>>7870903
Yes.

>> No.7870997

>>7870960
Well if so that’s ridiculous. They can’t deploy a technology that has a highly volatile price, it would be like if jet fuel were priced as a crypto, airlines would all go bust due to inability to forecasts costs.

>> No.7871139

>>7870997
The blockchain tech is sensible for decentralised logistics, but they don't need a public crypto for that. They can simply start a private blockchain.

>> No.7871265

>>7870903
Fees are paid in fiat (or whatever currency you like) and is automatically converted to link and eth for fees (you dont need to hold these cryptos in order to use service).

>> No.7871720

>>7870997
This is literally why the concept of futures exist. The price of everything fluctuates dramatically and futures levels that out.

>> No.7871744
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7871744

>>7870500
>ponzi
>bear

this is now a brapthread

>> No.7872737

>>7870500
>all coins are proof of work
sage