Cryptocurrency is not worth the paper it's not printed on.
Or: think of a Schrodinger's Cat that is supposedly valuable (to whom?) being kept in a safe that requires a power source to keep it alive...and the power demand keeps increasing. If the power inevitably goes out, the cat disappears. (How is that different from it not being there in the first place?)
It is the most incredible swindle. You tender actual currency (convertible to goods and services) in order to obtain a...promise. Under the hope that the promise itself will become more valuable in time. I tire of thinking of all the people who have fallen for this scheme. It's not a question of whether they will lose their money. They've already lost it. Now the question is: when will they come to that realization? I am prepared only to offer them a tissue to cry with when this happens, not to offer any consolation or sympathy.
Cryptocurrency is not worth the paper it's not printed on.
Or: think of a Schrodinger's Cat that is supposedly valuable (to whom?) being kept in a safe that requires a power source to keep it alive...and the power demand keeps increasing. If the power inevitably goes out, the cat disappears. (How is that different from it not being there in the first place?)
It is the most incredible swindle. You tender actual currency (convertible to goods and services) in order to obtain a...promise. Under the hope that the promise itself will become more valuable in time. I tire of thinking of all the people who have fallen for this scheme. It's not a question of whether they will lose their money. They've already lost it. Now the question is: when will they come to that realization? I am prepared only to offer them a tissue to cry with when this happens, not to offer any consolation or sympathy.