281–290 of 328 posts
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The exchanges can be regulated, but good luck trying to regulate a global peer to peer network!
Look at bittorrent. While it's impossible to kill it, targeting agregation platforms definitely made the protocol immensely less relevant than it was 20 years ago.
BitTorrent traffic went down as streaming services increased.
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The exchanges can be regulated, but good luck trying to regulate a global peer to peer network!
You just need to regulate the end points. At some point, someone needs real money instead of robux.
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It’s more that you found a legitimate use for Agent Orange.
Fun fact (and not to detract from your allegory), agent orange was widely used by Ontario Hydro from the fifties to late seventies to clear trees from around power lines. The people handling it weren’t really well-informed of what exactly it was or how dangerous it was, so there have been a number of lawsuits. I have an uncle who recalls being jokingly hosed down with the stuff on a hot day by a guy working a sprayer…
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The fact that cryptocurrencies are even Ponzier than any Ponzi scheme, more pyramidal than any pyramid scheme, much getter, richer, and quicker than any get-rich-quick scheme, and more shaggily carpeted and vigorously jerked than any rug-pull scheme, doesn't mean they're not scams. Edit: when shills gets called on purposefully missing the point by arguing over semantics, they switch to outright denial and making stuf…
> The fact that cryptocurrencies are even Ponzier than any Ponzi scheme What does that even mean? Especially since most cryptocurrencies factually doesn't fit the definition of a Ponzi scheme.
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Some stocks have no expected cash flows, some cryptocurrencies have expected cash flows. You can't generalize entire asset classes like that.
Why would anyone buy something with no positive expected cash flow? That's the same as buying into a greater fools scheme
> some cryptocurrencies have expected cash flows
Ethereum has cash flow which is expected to go positive after they switch their consensus model from mining to staking this year.
At this point, I wouldn't buy any crypto that doesn't at least have a credible roadmap towards positive cash flow.
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Why would anyone buy something with no positive expected cash flow? That's the same as buying into a greater fools scheme
Read my comment more closely. > some cryptocurrencies have expected cash flows Ethereum has cash flow which is expected to go positive after they switch their consensus model from mining to staking this year. At this point, I wouldn't buy any crypto that doesn't at least have a credible roadmap towards positive cash flow.
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Why?
Haven't you watched "Line Goes Up - The Problem With NFTs" yet? It's about a whole lot more than just NFTs. Your question is thoroughly addressed and truthfully answered in that video. Also see his references and citations in "Sources and Further Reading" for more proof. https://www.youtube.com/watch?v=YQ_xWvX1n9g Sources and Further Reading: https://web3isgoinggreat.com/ https://tante.cc/2021/12/17/the-third-web/ ht…
Most of those links are about artwork NFTs, not Bitcoin or Ethereum.
There are a lot of cryptocurrencies that are scams, and there are a lot of NFT projects that are scams. I've heard respectable arguments that Bitcoin and Ethereum are not actually all that useful (which is for the most part the point your remaining sources attempt to make), but that's a whole world of difference from them being scams.
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Read my comment more closely. > some cryptocurrencies have expected cash flows Ethereum has cash flow which is expected to go positive after they switch their consensus model from mining to staking this year. At this point, I wouldn't buy any crypto that doesn't at least have a credible roadmap towards positive cash flow.
No, you mentioned stocks not having future expected cash flows. I just don't see the difference between that and Ponzi schemes, even if there are some real examples of this
However, they are different from a Ponzi scheme in that there is a real business behind them, and no deception/fraud.
The Bitconnect Coin was among the world's most successful cryptocurrency token until its price collapsed. So you have to be quick if you want to ride the wave of a scamcoin
Not untrue. If you're quick to get in and time your exit right, you can make some seriously good money. Basically leveraging someone else's scam to scam people yourself.
whatsaaaaa whatsaaaaaaappp!!! one of the craziest public performances I have ever seen. and people fell for it. mind boggling.