“Poof, It’s Gone”. I am laughing so hard at the supporters who thought they were going to create some utopian libertarian medium of exchange. The only thing I have a seen is a repeat of every fraud and bubble from financial history.
For some reason, crypto has been a big thing in the Manosphere. If you want to gamble, that is fine, but that has nothing to do with being a man.
Never thought crypto was anything but a digital version of a chain letter.
Never thought crypto was anything but a digital version of a chain letter. Looks like Bankman-Fried just Madoff with the funds.
My problem with crypto currency is I never really understood what it was, or is. It’s possible to create semi-private currency by basing it on assets. An example would be somebody who opens a gold mine and sells bonds to help him further develop the mine. Those bonds can then be traded and become a form of virtual currency because they have solid backing. I could never figure out what the backing for crypto currency was other than a cloud of BS. I still don’t understand it today. Therefore, I have scrupulously stayed away from it.