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Metaphorical

(2,634 posts)
5. Pikers
Sat Jul 27, 2024, 08:58 PM
Jul 2024

What I don't understand about the bitcoin mindset (and I've been writing about it for years now) is that if it really had value, the banks would already be developing ICO funds of their own. Most of them explored it about five years ago when blockchain and decentralized finance interest was as bad as AI hype was last year, and they passed on it, because they understood a basic truth - if BC and other currencies was actually adopted by the government, it would not be from an existing blockchain currency but from one that the Feds controlled, making just about every other ICO worthless overnight. What's worse, such a currency wouldn't be volatile, which is where most of these conmen make their money - from the extreme swings that the currencies make.

Too many tech bros who are extremely well-educated, entitled idiots.

Skittles

(171,704 posts)
6. I don't believe anyone who says they haven't heard that blowhard speaking
Sat Jul 27, 2024, 09:01 PM
Jul 2024

I'm betting buyer's remorse - gonna be hard for some people to admit they ever saw something of value in that freak.

 

brewens

(15,359 posts)
4. People should be pissed about crypto's energy demand. So what if they can pay to buy power, should they be allowed to?
Sat Jul 27, 2024, 08:57 PM
Jul 2024

To make a few people rich and fleece others, they put excess demand on power infrastructure.

Fine with me if they run those scams but make them build their own power source. A solar farm for each one or whatever they have to do.

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