Why does Monopoly money (crypto) have any value at all? Is it backed by the player’s assets?
If you buy an antique, it may go up/down in value but at least there is an asset. No govt will back your antique.
Crypto is 100% fake!!
Why should government back play money that some use for barter?!
If you buy an antique, it may go up/down in value but at least there is an asset. No govt will back your antique.
Crypto is 100% fake!!
Why should government back play money that some use for barter?!
Comments
#GullibleFools
It’s completely bonkers.
The whole thing is built on the "trust me" basis.
We have to trust that the blockchain is true, but also if someone puts child porn as a marker, then gee, you got associated with that. Is that the kind of marker you want to be associated with?
It's a fool's errand.
Fiat is just printed paper and printed more and more mostly backed by nothing more than promises.
Crypto is just a new digital form that has to go through evolutions but could become the global currency.
“The Great Crypto Crash of 20__”
#tRUmp’sGreatDepression
I use it.
Crypto has no use, except to burn more fossil fuels in order to store it.
If silicon valley VC lobbyists had been powerful in the 90s we might be planning a Strat Beanie Baby reserve.
I think this is how I'll refer to it whenever the crypto bros start talking about it. Their Beanie Baby currency.
Seriously, the crypto bros were nice to him and now he's funneling money to them and that's the end of that story.
#RepublicanPoliticiansAreCorrupt
https://www.reuters.com/markets/currencies/trumps-meme-coin-made-nearly-100-million-trading-fees-small-traders-lost-money-2025-02-03/
https://investor.apple.com/dividend-history/default.aspx
I know this. I am an economist with finance degree who has worked in finance.
Found out its unregulated and used for money laundering
So as a example if say Putin wanted to buy ten thousand non existent watches at 100k each no one would ever know
Very easy for a foreign government to buy off trump
Crypto is the ultimate scam.
But only for the dumbest.
Anyone with 🧠🧠 should know better.
https://www.aol.com/jpmorgan-questions-viability-us-crypto-003014554.html
Like AI, crypto/digital currency, demands an extensive amount of energy and water for the Ponzi swindle.
#cryptocrap
It’s all part of the 🍊Mobster’s plan to ‘deconstruct the state’ by helping to destroy our economy with fake currency.