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Read some history, bad things tend to happen when a permanent underclass is cut off from ever-expanding wealth.
Ok, where are the bad things from this century caused directly from rich people getting richer and nothing else? And moreover - tell me how your prosperity harms the poorest in the world and what you’re doing to reduce that gap between you and them.
Honestly, this is just repulsive. Crypto has brought nearly zero benefits to society and has made income inequality even worse. Not to mention the environmental impact. I don't see how any reasonable person can celebrate this. Ask yourself who is benefiting most from this.
If anything, from my personal experience, "crypto" brought financial resources to minorities, especially PoC in the US. Some of them would never had that chance in the traditional world if you identify to that cause.
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Ok, where are the bad things from this century caused directly from rich people getting richer and nothing else? And moreover - tell me how your prosperity harms the poorest in the world and what you’re doing to reduce that gap between you and them.
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Bitcoin is a store of value. Nothing more or less. DAOs and NFTs were just distractions trying to ride the wave. The fundamentals remain strong. It really hasn't changed much in 15 years. The Hacker News comments certainly haven't either. Salty as ever.
Bitcoin is a speculative asset like a stock.
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The entire economy outside of agriculture and real estate is basically "bullshit", if you really think about it. The ratio of bullshit to everything else seems to increase over time, though, as a general trend. It's probably correlated to technology.
This seems reductive. Things do get more abstract, yet there is a spectrum of naunce: oil, vehicles, clothing, etc.
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Besides an exchange, what company is doing well right now in the crypto space?
Polymarket, Bitrefill, Stake
Honestly, this is just repulsive. Crypto has brought nearly zero benefits to society and has made income inequality even worse. Not to mention the environmental impact. I don't see how any reasonable person can celebrate this. Ask yourself who is benefiting most from this.
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I just don't understand why you'd choose Bitcoin over gold. Gold, like Bitcoin, was criticized for just being a stupid store of value, but that wasn't completely true as it undoubtedly had some utility in the economy. Worst case comes and the market crashes, you know there's at least someone somewhere buying. What does Bitcoin get you over gold? The same "it's scarce and therefore valuable" narrative so you can store…
One is more stable and the other more lucrative.
Honestly, this is just repulsive. Crypto has brought nearly zero benefits to society and has made income inequality even worse. Not to mention the environmental impact. I don't see how any reasonable person can celebrate this. Ask yourself who is benefiting most from this.
Lots of citizens of sanctioned countries aren’t able to use their credit/debit cards to shop online outside of their country, paying with crypto or even using something like a SolCard fixes that.
It’s also generally convenient, there’s no other realistic and accessible way to transfer any sum of money, whether $10 or $10M, for a $2 fee nearly instantly.