The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.
I guess some people have that stance, but it’s a currency. It’s supposed to be boring and not thought about much. It’s not like most people care about antique and rare coin collections, but some people do, most people just spend and save their money
Calling it a currency is generous. I know it’s meant to be, but let’s be honest - you’re not buying the majority, or probably even any, everyday goods or tech with your BTC are you? Most people certainly aren’t. And most BTC owners certainly aren’t. They’re holding to the moon.
If my local grocery story would accept it, I would. It’s a compatibility issue, which all technology is tested this way. Having 5G towers in the 1900s would have been a bummer, but today, somewhat standard. Crypto will need to lass this test if it’ll survive
Do you know what a blockchain is? It’s not cutting edge technology at all.
You’re right though, there is a compatibility problem.The BTC network is designed to be inefficient and it’s slow as fuck. Why would we replace a fast and pretty efficient system with a slow one that also makes your money unrecoverable if you make a typo?
That’s not even touching on how fun it would be to buy your groceries when BTC crashes 20% overnight.
Or how ridiculously convoluted using crypto is in general. And how easy it is to get hacked, scammed, rug pulled.
It’s complete fantasy mate. I’m guessing you’re deep in the crypto space from your comments, which are the same old non arguements over and over, so no one ever talks about any potential negatives. That in itself should tell you everything you need to know.
I’m not saying you can’t make money with crypto, but it’s a casino and nothing more. The rest is just feel good bullshit sold to you to make you buy and hold, generally.
But deflation pushes people not to spend their money and crypto with a fixed supply is in fact deflationary since the accessible supply goes down as people lose access to their wallet for one reason or another.
Also, crypto value and crypto prices of items are based on the comparable fiat value so yes, getting in at the right time makes a huge difference.
In the end crypto bros just make it so there’s still rich people at the top, they’re just not necessarily the same ones.
So you’re saying “too bad for you if you didn’t get in at the right time”?
That is 100% the crypto mentality. I got mine fuck you if you didn’t.
I guess some people have that stance, but it’s a currency. It’s supposed to be boring and not thought about much. It’s not like most people care about antique and rare coin collections, but some people do, most people just spend and save their money
Calling it a currency is generous. I know it’s meant to be, but let’s be honest - you’re not buying the majority, or probably even any, everyday goods or tech with your BTC are you? Most people certainly aren’t. And most BTC owners certainly aren’t. They’re holding to the moon.
If my local grocery story would accept it, I would. It’s a compatibility issue, which all technology is tested this way. Having 5G towers in the 1900s would have been a bummer, but today, somewhat standard. Crypto will need to lass this test if it’ll survive
Do you know what a blockchain is? It’s not cutting edge technology at all.
You’re right though, there is a compatibility problem.The BTC network is designed to be inefficient and it’s slow as fuck. Why would we replace a fast and pretty efficient system with a slow one that also makes your money unrecoverable if you make a typo?
That’s not even touching on how fun it would be to buy your groceries when BTC crashes 20% overnight.
Or how ridiculously convoluted using crypto is in general. And how easy it is to get hacked, scammed, rug pulled.
It’s complete fantasy mate. I’m guessing you’re deep in the crypto space from your comments, which are the same old non arguements over and over, so no one ever talks about any potential negatives. That in itself should tell you everything you need to know.
I’m not saying you can’t make money with crypto, but it’s a casino and nothing more. The rest is just feel good bullshit sold to you to make you buy and hold, generally.
No, it’s like any other currency minus it has a fixed supply. So use it, since inflation is eating away any currency with a limitless supply
But deflation pushes people not to spend their money and crypto with a fixed supply is in fact deflationary since the accessible supply goes down as people lose access to their wallet for one reason or another.
Also, crypto value and crypto prices of items are based on the comparable fiat value so yes, getting in at the right time makes a huge difference.
In the end crypto bros just make it so there’s still rich people at the top, they’re just not necessarily the same ones.