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2
10lbsBass 2 points ago +3 / -1

I wish crypto guys understood money better. :(

1
sillBag 1 point ago +1 / -0

I wish money understood money better.

Because printing trillions and trillions of new ones is exactly why Bitcoin is better money... than dollars. (Or gold)

1
10lbsBass 1 point ago +1 / -0

BTC is not money it is currency. It is EXTREMELY important to understand the difference.

1
sillBag 1 point ago +1 / -0

Money is intangible (BTC) Currencies are tangible

You are exactly backasswards :)

1
kinpolaj 1 point ago +1 / -0

How dare they try to support a system that falls outside of the central banks?! Fucking insurgents

2
10lbsBass 2 points ago +2 / -0

If they understood money they would know crypto is fundamentally flawed and would have invested in Gold and Silver and waited for the coming revaluation.

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sillBag 1 point ago +1 / -0

Tell me how it is fundamentally flawed?

Specifically:

How is it any more flawed than traditional fiat currencies, or stocks in the real world stock market.

1
10lbsBass 1 point ago +1 / -0

https://www.milesfranklin.com/the-seven-characteristics-of-money/

Fiat currency is not sound money. Unbacked crypto is digital fiat. The only thing that gives it value is people's confidence in it. That literally makes it a confidence game [con game]. Gold and Silver are TANGIBLE assets.

We have been conditioned to think of dollars in terms of value when dollars are just Gold and Silver substitutes. When that switch clicks in your head it is like a light bulb turning on.

-4
BasedInFact [S] -4 points ago +1 / -5

Oh, they certainly, eventually will. 😉

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10lbsBass 1 point ago +1 / -0

Have you checked Tether lately? Here we go.

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anonleo1579 1 point ago +1 / -0

Are you comparing Tether to Btc?

1
BigMikesSaggyBaggins 1 point ago +1 / -0

Learn to zoom out. This is nothing for Tether, it has weathered way WAY worse. I even say this, as all crypto traders do too, that Tether has always been propped up on BS.

-1
BasedInFact [S] -1 points ago +2 / -3

No.

But unless it’s fully collateralized, it’s fundamentally all the same scam.

Even these “stable coins” have more in common with a stable full of horse sht than a stable, valuable asset. Only today, when some shyster “stable coin” was imploding into nothingness, its pimp actually described how they were going to “stabilize” it by utterly debasing it some more. It’s all ridiculous beyond belief.

2
10lbsBass 2 points ago +2 / -0

Greed blinds people. :(