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To: FLT-bird

The crypto market is risky, volatile and has so far been very profitable.

After examining it I believe the blockchain tech has value and can be useful for different purposes but Crypto itself remains, in essence, used electricity.

I wish good luck to those speculating in Crypto but feel the day will come when it will go the way of Tulip bulbs.

That is not to say there isn’t a place for digital currencies in the future. The current clutch of Crypto, however, is based on nothing but the idea of Crypto having value.

A fair counter to that is the same is true with “fiat money”, but it’s not a fair comparison when it comes to first world currencies. Zimbabwe? Sure.


28 posted on 01/10/2022 6:07:08 AM PST by jdsteel ("A Republic, Madam, if you can keep it." Sorry Ben, looks like we blew it.)
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To: jdsteel

You need to study much more on this subject. Various crypto tokens are essentially shares in projects which do various useful things. Bitcoin is one of the few that is only intended to be a currency and which doesn’t have much underlying use.


29 posted on 01/10/2022 8:09:31 AM PST by FLT-bird
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