Why This Computer Scientist Says All Cryptocurrency Should “Die in a Fire”

[johnarb]

I had forgotten about that, I didn't try to weasel out of it at all.

You were the one that initiated the deal, which I confirmed all the specifics with my post and you even click liked on my post

Now you see you can get favorable terms for yourself so you're attempting to pussy out by claiming "you had forgotten"

Are you what they call a wanker where you're from, d08?

 

[d08]

You were the one that initiated the deal, which I confirmed all the specifics with my post and you even click liked on my post

Now you see you can get favorable terms for yourself so you're attempting to pussy out by claiming "you had forgotten"

Are you what they call a wanker where you're from, d08?

Vivid imagination, little buddy.

 

[d08]

What exactly does the U.S. Dollar produce, otherwise than diminishing value over its lifetime?

Does that stop the masses from holding them?

It's backed by US government. If it wasn't, I wouldn't use it. It's really that simple. There are large countries with their own freely floated currencies like Indonesia, India, Brazil. Their currencies are not globally adopted because the trust in said countries is weak.

 

[SunTrader]

It's backed by US government. If it wasn't, I wouldn't use it. It's really that simple. There are large countries with their own freely floated currencies like Indonesia, India, Brazil. Their currencies are not globally adopted because the trust in said countries is weak.

Obviously it is backed by the U.S. gubmint.

Nonetheless it "produces" nothing and it's value continues to drop - yet, look crypto squirrel over there.

 

[Frederick Foresight]

yet, look crypto squirrel over there.

Anchored to nothing but pump & dump manipulation.

 

[SunTrader]

There ya go. On cue.

 

[Frederick Foresight]

There ya go. On cue.

Okay, then what is its intrinsic value, or at least what is it anchored to?

 

[virtusa]

https://www.theonion.com/man-who-lost-everything-in-crypto-just-wishes-several-t-1848764551
Man Who Lost Everything In Crypto Just Wishes Several Thousand More People Had Warned Him

 

[d08]

Obviously it is backed by the U.S. gubmint.

Nonetheless it "produces" nothing and it's value continues to drop - yet, look crypto squirrel over there.

Even with 10-12% inflation, the drop is minuscule compared to bitcoin losing 70% in less than a year. That 60% difference makes all the difference.

 

[virtusa]

Even with 10-12% inflation, the drop is minuscule compared to bitcoin losing 70% in less than a year. That 60% difference makes all the difference.

From the inflation you should deduct the raises in salary during the same period. The last year salaries went up between 6 and 8% in my native country. So the loss of buying power is much less than the 10-12% inflation.

Crypto's don't get that inflation compensation.

What is also funny is the fact that crypto diehards always refer to the past performance, but over 99% of them have never made any decent money in past. They missed thousands % of return in the past 10 years and think that now they will make millions. Not to speak about how many of them even lost money.