Tom05 Posted July 14, 2022 Share Posted July 14, 2022 The ability for crypto to store financial energy reliably, has certainly been put into question recently , this is because of its almost pure speculative nature , and the fear of holding risky assets during times of possible recession and economic uncertainty. Link to comment Share on other sites More sharing options...
oldtimer Posted July 14, 2022 Share Posted July 14, 2022 1 hour ago, Jeff Matthews said: At least proponents agree that it has value because people ascribe value to it. The same argument is s made concerning gold. So, the real question is which asset is more likely to suffer loss of faith? Gold does have some practical uses, plus decorative uses. Comparing the two, which would you think? 2 Link to comment Share on other sites More sharing options...
Schu Posted July 14, 2022 Share Posted July 14, 2022 The Federal Reserve Bank of Cleveland's June 2022 White Paper of the Lightning Network and Bitcoin... all aboard the adoption train... The Lightning Network: Turning Bitcoin into Money Link to comment Share on other sites More sharing options...
Max2 Posted July 14, 2022 Share Posted July 14, 2022 Pokemon cards a better investment 1 Link to comment Share on other sites More sharing options...
Schu Posted July 14, 2022 Share Posted July 14, 2022 do you have proof? Link to comment Share on other sites More sharing options...
Schu Posted July 18, 2022 Share Posted July 18, 2022 'I also think the macro turn is very close too. Have bond yields topped? Probably. Returns since the panic 3AC liquidation less than two months ago: BTC +24% ETH +71% SOL +64% AVAX +77% MATIC +200% DOT +26% AAVE +116% UNISWAP +131% XRP +29%' Link to comment Share on other sites More sharing options...
RealMarkDeneen Posted August 24, 2022 Share Posted August 24, 2022 On 7/14/2022 at 4:57 AM, Jeff Matthews said: At least proponents agree that it has value because people ascribe value to it. The same argument is s made concerning gold. So, the real question is which asset is more likely to suffer loss of faith? A loss of faith would vary by culture, I think. Gold is more greatly admired/appreciated in India and Asia than in North America. Being physical, it is attractive in dowries, generational inheritance, and high-density "emergency value". I suspect the bullion value today would be a great deal higher if the "paper gold" derivitive markets were properly policed, or better yet, eliminated. Link to comment Share on other sites More sharing options...
OO1 Posted August 24, 2022 Share Posted August 24, 2022 On 7/14/2022 at 12:28 PM, Max2 said: Pokemon cards a better investment or Monopoly Link to comment Share on other sites More sharing options...
RealMarkDeneen Posted August 31, 2022 Share Posted August 31, 2022 Web3 is Going Just Great --- https://web3isgoinggreat.com/ An amusing plow through catastrophe. 1 Link to comment Share on other sites More sharing options...
Jeff Matthews Posted November 19, 2022 Share Posted November 19, 2022 The creators' intent was to decentralize control over the currency (or rather, provide an alternative centralization) to achieve greater stability than the governments' fiat money. Crypto has proven to be anything other than stable. Also, what's the deal with FTX? I understand Sam Bankman-Fried speculated with his depositors' coin and that many depositors are holding empty bags, but why does this result in the value of the coin plummeting? If the same thing happened with US currency, a dollar would still be worth a dollar, and people would want it just as much. Link to comment Share on other sites More sharing options...
richieb Posted November 19, 2022 Share Posted November 19, 2022 2 hours ago, Jeff Matthews said: but why does this result in the value of the coin plummeting? If the same thing happened with US currency, a dollar would still be worth a dollar, and people would want it just as much. — because a US dollar IS a dollar, respected currency the world over. Few people know what a crypto coin really is or it’s intrinsic value. I certainly don’t nor do I pretend to - 1 Link to comment Share on other sites More sharing options...
JJkizak Posted November 22, 2022 Share Posted November 22, 2022 2 hours ago, newworld said: By shutting it down suddenly. Soon enough ppl will see whats really going on. Its funny money. Amen. JJK Link to comment Share on other sites More sharing options...
Audible Nectar Posted December 1, 2022 Share Posted December 1, 2022 43 minutes ago, akers983 said: I try to understand crypto and even buy some courses. But i still can't get it. I tell people that it's no different from a boat (a large hole in the water you throw money into). Similar results 🙂 Another way I look at crypto is "an attempt at private (as opposed to government) currency". Trust the "private" part of this at your own risk. Link to comment Share on other sites More sharing options...
oldtimer Posted July 11, 2023 Share Posted July 11, 2023 On 11/19/2022 at 7:45 AM, Jeff Matthews said: The creators' intent was to decentralize control over the currency (or rather, provide an alternative centralization) to achieve greater stability than the governments' fiat money. Crypto has proven to be anything other than stable. Also, what's the deal with FTX? I understand Sam Bankman-Fried speculated with his depositors' coin and that many depositors are holding empty bags, but why does this result in the value of the coin plummeting? If the same thing happened with US currency, a dollar would still be worth a dollar, and people would want it just as much. You answered your own question. What is the dollar backed by? The full faith and credit of the US government, and it is still the reserve currency of the world. What is crypto backed by? Anyone? Anyone? Bueller? Link to comment Share on other sites More sharing options...
JJkizak Posted July 11, 2023 Share Posted July 11, 2023 5 minutes ago, oldtimer said: You answered your own question. What is the dollar backed by? The full faith and credit of the US government, and it is still the reserve currency of the world. What is crypto backed by? Anyone? Anyone? Bueller? It's supposedly controlled by 3 entities that nobody knows. JJK Link to comment Share on other sites More sharing options...
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