ill believe it when i see itSo much misinformation spread around regarding crypto! Cracks me up.. sheeple will believe almost anything. China want total control of everything in China, the fact that scores of mining equipment being transported to the USA tells me the complete opposite of what this post is about. Do some research and don’t believe everything you read.
Buy the dip and ride it out
Remember kids, only play within your means and stake what you can afford to lose.
Also I’m not a financial advisor
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Dollar is almost worthless, your government is printing bills and further reducing the value of your money
We saw this in what? 2012, 2015, and 2018? Seems like a 3 year cadence. I think the intervals are decreasing slightly at that.ill believe it when i see it
Bought a thousand XRP coins back when the price per coin were 10 cents each in US dollars conversion, just waiting for the coin to reach 4k dollars before selling everything, don't care how long it would take, as long as I have the coins, I could sell them when the time is right.
I anticiapte proof of stake is going to be the next point where this all flourishes again for the next bullrun.
Proof of stake will kill crypto when people realise it's just a repeat of "the rich keep getting richer".
I'd be interested to read more about that. Got a link? need to educate myself. I thought proof of "steak" (lol) was a better system than proof of work. But I don't know shitProof of stake will kill crypto when people realise it's just a repeat of "the rich keep getting richer".
I'd be interested to read more about that. Got a link? need to educate myself. I thought proof of "steak" (lol) was a better system than proof of work. But I don't know shit
I don't know about the others, for me is the environmental costs involved. I read somewhere that bitcoin alone surpasses the consumption of Argentina, witch have population of 45 million people (living at same standard as some European Union countries).why do people dislike crypto?
Bitcoin isn't proof of stake.
Proof of stake coins reward people who "lock away" their tokens. Proof of work coins, like BTC, reward the people who use hardware to secure the network. In both scenarios both actors have incentive to keep the network integrity, to promote the value of their own investments.
In both systems, there is incentive to increase the value of the cryptocurrency.
In both of those systems, where there is a hard/soft-cap of token generation, they are relatively deflationary in respects to fiat which is is inflationary.
The rich get richer, but so does the poor get richer as the value of the the token increases. Of course this proportional to the investment.
The value plateaus at its ability to scale.
In terms of democracy, the choices that are made of a blockchain are rare rarely disputed. If there is a controversial decision, the coin will tend to fork, and a new cryptocurrency is born. (See BTC and BCH, and other derivatives, or ETH and ETC). The majority of the democratic process keeps the token name. The minority split usually takes on a new token name.
In the case of BTC, it has pretty much retained consensus and all derivatives were attempts to change the protocol without meaningful consensus (in respects to the network). In the case of ETH, it made the controversial decision to undo a great mistake by a large contract that was 3rd priority, so ETH forked, leaving people who kept the original blockchain to become ETC. ETC is the "censorship resistant" version of ETH. The reason ETH kept the name despite being the new fork was because its great leader Vitalik was still operating as a monarch in the view of shaping public perception.
The argument of the greater fool theory is that the value exceeds its utility and people are only buying it because they want to sell it for gains.
If you have somewhere else you'd rather invest time and effort (or $$) it is definitely recommended that you do that. Spending free time to be dismissive seems like a moot point.
I don't know about the others, for me is the environmental costs involved. I read somewhere that bitcoin alone surpasses the consumption of Argentina, witch have population of 45 million people (living at same standard as some European Union countries).
I do like many characteristics of the blockchains, but for me it not will surpass the huge damages it is causing on an already struggling planet.
Y are ppl such greed f#####s ?
Ever check up on your neighbor ?
What are you even saying?
If you mean people are greedy for having succesful investments, then idk what to tell you, maybe also invest?
Cryptocurrency and cryptomining can both die in a dumpster fire. It's BS like that are what's causing chip shortages and components to skyrocket in cost.
Screw them both.
Cryptocurrency and cryptomining can both die in a dumpster fire. It's BS like that are what's causing chip shortages and components to skyrocket in cost.
Screw them both.