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.
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.
I wish crypto guys understood money better. :(
How dare they try to support a system that falls outside of the central banks?! Fucking insurgents
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.
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.
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.