Random thought about "crypto" currency

[Baron Von Murderpaws]

Since we've gone digital, and most people use debit and credit cards for everything nowadays..............
And there's auto-deposit and money apps of all sorts..............

Don't we already HAVE crypto currency in motion?
Hardly anybody carries cash anymore......that I know of.

Everything is digital, so isn't THAT all "crypto"?

 

[OhPleaseJustQuit]

Since we've gone digital, and most people use debit and credit cards for everything nowadays..............
And there's auto-deposit and money apps of all sorts..............

Don't we already HAVE crypto currency in motion?
Hardly anybody carries cash anymore......that I know of.

Everything is digital, so isn't THAT all "crypto"?

.




I never understood crypto. Never will.

The thought does not disturb me the teensiest.





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[rightwinger]

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I never understood crypto. Never will.

The thought does not disturb me the teensiest.





.

Crypto is built on greed
It has no intrinsic value

 

[OhPleaseJustQuit]

Crypto is built on greed
It has no intrinsic value

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I could see that immediately.




.

 

[luiza]

Everything is digital, so isn't THAT all "crypto"?

No .
Using block chain your transactions are private and therefore one to one .
This decentralisation is assumed to be what petrifies the establishment.
The loss of surveillance and control .

 

[whitehall]

I guess it's considered an investment even if it's a bad one. You could sell hub caps as an investment to gullible people if you were a good enough salesman and the regulators were looking the other way. It worked out pretty good for Joe Biden's campaign though.

 

[Indeependent]

No .
Using block chain your transactions are private and therefore one to one .
This decentralisation is assumed to be what petrifies the establishment.
The loss of surveillance and control .

The Feds have been working on being the sole electronic supplier of “Liquid” Assets.