It was supposed to be a financial revolution. Instead, crypto has become an environmentally disastrous gift to con artists, says academic David A Banks
Have you ever sent money to someone outside the EU? Its very expensive, and takes a few days. With cryptocurrency you can make the transfer within minutes, and it costs a couple cents (unless you use Bitcoin of course). You shouldnt think of crypto only as an investment.
You shouldnt think of crypto only as an investment.
Oh not at all. I mostly think of it as a scam, with some Hoggish Greedly (ever watched Captain Planet?) type greed-induced crawling environmental disaster bolted onto it.
Have you ever sent money to someone outside the EU? Its very expensive, and takes a few days.
Sure. But I am sure we can find solutions that do not require buying into Ponzi schemes, if we just decide to focus on that, instead of on shilling said Ponzi schemes. 🤷♀️
And you really think that banks are any better than crypto? In my opinion they are much worse, and I would be happy if they die out. Its true that the technology is in an early state, but there is lots of development in the area, and it will lead to improvements sooner or later.
Have you ever sent money to someone outside the EU? Its very expensive, and takes a few days. With cryptocurrency you can make the transfer within minutes, and it costs a couple cents (unless you use Bitcoin of course). You shouldnt think of crypto only as an investment.
Oh not at all. I mostly think of it as a scam, with some Hoggish Greedly (ever watched Captain Planet?) type greed-induced crawling environmental disaster bolted onto it.
Sure. But I am sure we can find solutions that do not require buying into Ponzi schemes, if we just decide to focus on that, instead of on shilling said Ponzi schemes. 🤷♀️
Honestly one shouldn’t dismiss this side of crypto. The relative ease of transfer is an important technological advancement.
Too bad the rest is riddle with that huge bug : mining reward…
Better mining rewards than wasting more money on bankers.
And you really think that banks are any better than crypto? In my opinion they are much worse, and I would be happy if they die out. Its true that the technology is in an early state, but there is lots of development in the area, and it will lead to improvements sooner or later.