>Cryptocurrencies will fail. All of them.
Thoughts on this?
>Cryptocurrencies will fail. All of them.
Thoughts on this?
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Technological deflation is accelerating.
Bitcoin is the chosen one:
m.youtube.com
>the printing press will fail
>railroads will fail
>pasteurization will fail
>rocketry will fail
bitcoin is none of those, its nothing it holds no physical value
the universe will implode and we will all die.
nothing lasts forever.
etc etc etc.
>bitcoin is none of those, its nothing it holds no physical value
your reddit wojaks don't change that fact
>your reddit wojaks don't change that fact
physical value doesnt exist anymore anyways:
re:oil
all these redditors have made me so abrasive..
such tremendous cucks
>Cryptocurrencies will fail. All of them.
said increasingly nervous man for the 1000th time
Vull shit
non-physical value > physical value
all these boomers think they wont die, physical things are iherently pointless and bound to atrophy and rot like their wojak brains
what fucking kills me is all these fucking dipshits going:
BRRRRR FED MACHINE JPOW 4EVER
yeah okay great and when reality hits and things bottom out, now the government owns all the private companies, look how absolutely slavecucked you are about to be
Are you retarded? Kek
btc is a currency that isnt a currency. you cant walk into a store and buy things with it. you cant get paid in it or take out loans in it. you certainly cant pay taxes with it.
inb4 some btc wallet/extension/app whatever: rapidly selling btc for dollars to buy things isnt the same as using btc to buy things. it makes you a slave to volatility. and you're still not using btc to make the purchase.
maybe maybe one day btc will actually function as a currency. but right now its purely a speculation bubble. this is the equivalent to acrylic paint tubes rising 40,000% in value, because one day people might use acrylic paint tubes as currency. its hope. a whisp in the air
sheep, you can use it to buy things using the thousands of remittance layers
crypto will never be a stable currency (with the exception of stable coins but these just seem like normal currency with extra steps and fraud). As crypto will not be able to act as legal tender its only purpose would be as an investment. However as it has no intrinsic value the collapse is also bound to happen (maybe after reaching new ath but at some point in time for sure)
yeah check stabecoin volumes bobo
nice fud
but tell me the purpose of stable coins then? it seems to me like they come with all the problems of fiat and crypto combined...
stablecoins are for the retail investor because almost no one can just go buy bitcoins in this market let alone before with the way most americans were living, or so the unemployment rates are starting to show.
its the best on and off ramp
just look historical volume growth trends bobo
Crypto currency are the next evolution of currency...regardless of what anyone thinks about BTC or any of the others the next “dollar” will be a digital assets created one a digital ledger. A “Crypto currency” if you will.
if i want to buy a car using btc, i cant actually do it. at some point the btc would have to be exchanged for dollars.
you might as well argue turnips are a currency, because i can buy a car using turnips, simply by quickly selling the turnips for dollars and buying the car
but then again stablecoins are pegged to some kind of index, which would mean that its value is controlled by someone and not just the market (like central banks do for fiat currency), which I'd understand is one of the main problem with Fiat for Cryptofags.
If understood your argument correct than the main purpose of stablecoins is to buy other non-stable coins, which would leave us with the question why anyone should buy other non-stable coins?
the volume argument is pretty stupid. I mean check the tulip-volume back in 1637 bull
nexo.io SEC compliant, approved, paid out divvies and I have used for instant cash
try harder bobooooooo cmon you fucking cuck bitch
the volume argument is pretty stupid. I mean check the tulip-volume back in 1637 bull
> yeah but difference is everyting is transparent now and the reserve backings have matches the volume growths, aka organic
If understood your argument correct than the main purpose of stablecoins is to buy other non-stable coins, which would leave us with the question why anyone should buy other non-stable coins?
> because in real life and all exchange protocol ever the denomination is "base native currency" people settle in dollar, one benefit is that over a bank providing 1% apr or negative rates you can safely net up to 8% a yr on a stablecoin through an FDIC insured service (re: nexo)
bobo nonononooo
Is that Stephen Wolfram?