Crypto is a failure

This no longer has any functional utility in society. People will just hoard crypto to maximize their wealth in US dollar equivalents.

Tell me, why the fuck would someone want to buy something with Bitcoin or ethereum, or even fucking Dogecoin? The way these are designed and how volatile they are, it’s throwing money away. Why the fuck would I spend 0.001 ETH on a soda, when in a few months 0.001 ETH can go from being worth $10 USD to $100 USD? (Just making up numbers)

All crypto is going to be in the future is everyone hoarding it and nobody spending it, until it’s time they want a big cash out. Using crypto to actually purchase goods and services is idiotic, and because of that, it is a failure of a concept

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You’re not wrong. Jump ship when Bitcoin is 6 digits

You're an idiot. Do you buy coffee with your Tesla Stock? Oh no you can't so it must be worthless to you then. Simpleton.

LMAO CHECKED AND REKT

Tesla stock isn't supposed to be a fucking model of spending you retard.

Thanks for agreeing with me that crypto is a failure by the way. It's only use it to hoard like a stock and sell out when it's worth a lot. It's not able to function as an actual CURRENCY...cryptoCURRENCY...whoa

XMR

XRP

kek. have fun with your useless shit. I dare you to spend a single XMR on any actual product

LMFAOOOO FUCKING BASED

im in it just for the money. i do like some projects like dot,ada,link,eth, but all in all im in it for the money.

I use Monero every month

crypto is a store of value which also functions as a currency.

no dollar or bank needed

Dollar "stable coin" is literally FAKE. that pieece of shit inflates constantly, if dollar wasnt fake pegged it would literally just go down forever

BASED

holy fuck, the dollar isn't fake pegged. Anything that's represented by the government, especially one as powerful as the US, makes it more real than any other currency. it's fucking "backed" by the US military

BASED. Does he buy coffee with gold?

this is pathetic you samefag, you do know that everyone knows how to change an IP address to look like a different user right? Hell, that's probably even too complex for you, the only thing you could come up with was turning off wifi on your iphone and using data

Look up what Ethereum is and why it was made. Vitalik realized that "instant payments" was not the greatest innovation of Bitcoin, it was the blockchain itself. Watch some Youtube videos about what smart contracts are until you understand it. Then get rich with the rest of us who are bullish about DeFi.

Tsla stock may be a bad example, but in general stocks give you a share in a company‘s profits (in dividends).

Crypto doesnt produce any earnings or profits, it doesn‘t do anything. The much more accurate comparision would be e.g. Gold and that‘s why Peter Schiff is so butthurt; he knows we‘re replacing him.

another samefag to add to the list. Wow, you really need some validation on your epic comeback, don't you

lmao how fucking delusional are you?

>get rekt
>proceed to flip the fuck out and act butthurt to keep your own thread afloat/harvest (You)s
nothing here ever changes

how did i get rekt. His analogy is batshit retarded and outright wrong

>I work at McDonald’s and can’t afford a Bitcoin so I’m going to project my failure onto the crypto market

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its backed by belief. thats it.

When more people believe in bitcoin its changing and bitcoin is immutable

He's realizing while crypto is being ruined


Shut it down.

Yes Crypto is a failure.
>looks at BTC price
that is a big failure, a $500,000 failure.

I have a full portfolio in various different coins. I just recognize it as an abstract thing you can make money off of right now while the public and government don't really know better. People that unironically deem it to have any societal use are fucking insane.

You're used to a manipulated currency. When you make a purchase you're supposed to consider the potential value lost in future gains, unlike with the dollar which is so manipulated it doesn't matter what you do with it. Crypto is like gold or any other precious metal, it has value because it's scarce.

this is the argument for deflationary money - it keeps people spending.

once we start seeing negitive intrest rate crypto backed credit cards you'll understand why.

I get what you’re saying but I wouldn’t be so harsh on crypto as a whole. One issue with crypto is, like you said in a previous post, that it is called cryptoCURRENCY when a more correct name would be cryptoassets or something like that. There is real value in crypto, but the technology and ecosystem are so young that it might be hard for some people to understand and define it.

yes, and that's why crypto has failed as a model of currency. Crypto by definition is an artificially limited "resource", backed by nothing, and worth nothing intrinsically. It doesn't represent any company which produces tangible results, it's not represented by a physical resource with function. It's all a sham.