NZA
LOL
i think calling it a ponzi scheme is counter productive. it has people angry instead of analytical. it's best to just focus on what is actually a risk factor with crypto as a whole and certain technologies in particular.
currently, crypto is not tied to real world value. it doesnt do enough things that people want, like feed people, heal people, or entertain people - at least not enough to come anywhere close to justifying valuation. the dramatic dips and rips are completely unmoored from anything you can reliably plan for.
because of this and the lack of regulation, there is constant manipulation by whales and hedgefunds. the presence of these institutions is not evidence of the value of crypto, it is evidence of the ability to take money from people. there are margin calls coinciding with crypto dips for a reason.
if crypto becomes tied to something that people actually use, then it will stabilize and become a normal investment. this could be web3. if more of what we already like to do online gets moved into a p2p environment, then crypto will actually have utility instead of speculative value. NFT items are another way. i think NFT art is a really primitive use and there will be far more meaningful things done with it later. i actually think the stock market will be on blockchain eventually.
but until that happens, i think crypto is either to be played like a penny stock or a really long term investment waiting for the maturation of new p2p markets to give these things some real underlying value that can rival dollars.
currently, crypto is not tied to real world value. it doesnt do enough things that people want, like feed people, heal people, or entertain people - at least not enough to come anywhere close to justifying valuation. the dramatic dips and rips are completely unmoored from anything you can reliably plan for.
because of this and the lack of regulation, there is constant manipulation by whales and hedgefunds. the presence of these institutions is not evidence of the value of crypto, it is evidence of the ability to take money from people. there are margin calls coinciding with crypto dips for a reason.
if crypto becomes tied to something that people actually use, then it will stabilize and become a normal investment. this could be web3. if more of what we already like to do online gets moved into a p2p environment, then crypto will actually have utility instead of speculative value. NFT items are another way. i think NFT art is a really primitive use and there will be far more meaningful things done with it later. i actually think the stock market will be on blockchain eventually.
but until that happens, i think crypto is either to be played like a penny stock or a really long term investment waiting for the maturation of new p2p markets to give these things some real underlying value that can rival dollars.
Kinda like how they started trading gold coins?
no you idiot
