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Crypt0curr3nci3s

Re: Cryptocurrencies

cityboy-stl said:
I didn't say that. YOU said that and I agreed with you. I said gold has intrinsic value, the value is inherent in its physical existence, even if it is a non productive asset. Which is why gold reserves are valuable. As compared to Crypto which DOES NOT PYSICALLY EXIST and therefore cannot have literal physical instrinsic value. What part of intrinsic value don't you understand?
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Oh, ok. I'm just so used to you coming up my ass all the time...
 
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anyone keeping up with the collapse of FTX?

FTX-crash.jpg


still have my gold
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The fall of FTX and the likely criminal charges that will come out of its bankruptcy will hopefully, finally, underscore for 'investors' the reality of a relatively unregulated group of people able to make reckless bets with their money and end up with literally zero. As I noted in the Bezos thread, cryupto will be one of the things that we are going to find out has been interwoven into the mainmstream banking system more deeply than we know and as they unravel, once again it will be the main street investor and not Wall Street that takes the hit.
 
rareboy said:
The fall of FTX and the likely criminal charges that will come out of its bankruptcy will hopefully, finally, underscore for 'investors' the reality of a relatively unregulated group of people able to make reckless bets with their money and end up with literally zero.
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You mean dismantle global modern finance/s/ing.
Because cryptos are just finance as usual 4.0, with the same attitude of 'anything goes', while we appear to change anything through exposing scapegoats.
 
No question that crypto was just the next con after credit default swaps and derivatives underlying the housing finance industry in the early 2000's.
 
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