161 karma · joined February 18, 2010
https://www.mtsu.edu/first-amendment/article/1033/printing-o...
Let me be clear on one point, I don't have a problem with digital currency. I do have a problem with cryptocurrency.
If that is the case they why does the floor value of bitcoin track to the cost of the energy it takes to mint? Value above the floor is 100% speculative as it is value assigned by investors who buy into it.
> You seem like a reasonable person and if you take the time to understand what is taking place then you would see this as the transitional period that it is, understand the problems being solved, and know how to spot the bullshit from the real. Otherwise, you might become the digital equivalent of a senior who refuses to use a credit card over cash.
I would rather give up all technology, sell all my worldly possessions and donate it to charity, and then become a luddite and move to an Amish community before I live in a world dominated by the current iterations of digital currency.
Cryptocurrency proponents are the free energy, cold fusion and over unity quacks and cranks of this generation. So many ponzis, rug pulls, frauds, grifts, lies, and bullshit.