Anyone who traffics in cryptocurrency is a scammer. The entire “industry” is a bagholder scam.
@previous (E)
> https://minichan.net/topic/5147
The most increase in value of one faux asset among a fraudulent asset class doesn’t make it legitimate.
@previous (G)
> You didn't buy in, huh?
Wouldn’t want to. When people are finished unloading the market disappears. Crypto has zero value, no asset backing, no FDIC, and it is possible to manipulate or hack the hallowed blockchain.
If you got in and out and made a bundle, I’m glad for you. Fuck the suckers holding an empty bag.
@previous (H)
> Crypto has zero value, no asset backing
Like the US dollar, except there's a finite supply of Bitcoin but they can always print more USD.
> no FDIC
The FDIC insures deposits if your bank loses the money they were supposed to be holding for you.
If you hold BTC in your own wallet no has the ability to lend it out, so this isn't a risk to begin with.
> and it is possible to manipulate or hack the hallowed blockchain.
No one has ever been able to do a 50%+1 attack, and it only gets harder with time.
Quantum Crpytanalysis would break it, but it would simultaneously break the encryption regular banks use to transfer USD.