It’s not even a ponzi scheme, it’s just a good old fashioned bubble.
It’s digital tulips.
Comment on AI Is Starting to Look Like the Dot Com Bubble
qwertyWarlord@lemmy.world 10 months agoCrypto is 100% a bubble. It’s not an investment so much as a ponzi, sure you can dump money into it and maybe even make money, doesn’t mean it doesn’t collapse on a whim when someone else decides to dip out or the government shuts it down. Its value is exactly that of NFT’s because it’s basically identical, just a string of characters showing “ownership” of something intangible
Patius@lemmy.world 10 months ago
stealin@lemmy.world 10 months ago
Whatever man used electricity will become valuable someday, I just know it.
Freesoftwareenjoyer@lemmy.world 10 months ago
Being able to pay for things anonymously is very valuable to me and to many other people. That’s just one example of what this technology can be used for.
zouden@lemmy.world 10 months ago
Bitcoin isn’t anonymous yet it’s the most valuable crypto. Monero is barely used. Most crypto people just want to get rich, they don’t actually care about using it.
100% a bubble
Freesoftwareenjoyer@lemmy.world 10 months ago
I could go to the local ATM and buy Bitcoin anonymously right now. So, unlike a credit card, it can be used anonymously. Monero is better of course and it doesn’t matter how many people use it. Even if a store doesn’t accept it directly, you can use it to buy gift cards for any store.
I don’t care what most crypto people do, it’s irrelevant, just like the price is irrelevant and doesn’t affect my ability to use this technology.
FlyingSquid@lemmy.world 10 months ago
That’s called ‘cash.’
Freesoftwareenjoyer@lemmy.world 10 months ago
And for online payments?