• Rothe@piefed.social
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    2 days ago

    Curious how something so heavily marketed by cryptobros as a modern currency alternative to big banking is almost always only being talked about as an object of investment. As if it is really nothing but yet another speculative scheme for people who are the rich to get richer.

    • imeansurewhynot@sh.itjust.works
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      2 days ago

      Curious how something so heavily marketed…as modern currency…is almost always only being talked about as an object of investment.

      Nothing strange about basic marketing.

      yet another speculative scheme for people who are the rich to get richer.

      Like the bosses at your job? Yeah, it’s kind of like that.

      You don’t have to understand the chemical properties of gold to buy and sell it.

      You don’t like investments, fine. That works out well for those who do. Most complain while standing still, some act.

      • deHaga@feddit.uk
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        2 days ago

        It’s not a decentralised currency though is it.

        And stable coins are just another way for the US to issue debt

        • imeansurewhynot@sh.itjust.works
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          2 days ago

          Bitcoin? Yes, it is fundamentally decentralized.

          If you don’t know something ask questions and learn. You’re wasting so much time arguing against your own assumptions.

              • deHaga@feddit.uk
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                18 hours ago

                It’s a store and exchange of value

                Crypto is just a speculative asset.

                • imeansurewhynot@sh.itjust.works
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                  12 hours ago

                  Whoops, you’re wrong.

                  Besides being a payment method, border-free currency, commerce security, staking and lending asset, organizational governance token and other uses, crypto is also “just” a valuable asset.

                  Thank you for not understanding and shying away from a valuable asset thereby allowing others to have more of it.

                  Give away your gold and index funds, folks, deHaga thinks they’re worthless “speculative assets”!

                  • deHaga@feddit.uk
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                    5 hours ago

                    Precious metals have intrinsic value. Your solved equations don’t

                    How many transactions can it process? Lol

                    How many transactions are actually happening?

                    It’s a narcotics ETF lol