It has to come from someone else. Cryptos aren’t creating new money. If a layman

Apr 18, 2021
8:55:43am

bluecougar1985 All-American

gets rich off of this he takes it from other layman that bet wrong. He isn’t sticking it to the rich man who isn’t losing anything.

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bluecougar1985

Bio page: bluecougar1985
Joined: Dec 10, 2015
Last login: May 4, 2024
Total posts: 15,609 (1,566 FO)

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Messages

Author

Time

In 2017 bull run we rarely had a crypto post on CB. Adoption.It is nice to see.

dave

4/18/21 8:44am

I wouldn't call this adoption, no one here is using it as currency

BlueRhino

4/18/21 8:46am

If you ask me we're seeing a financial revolution in this country. The layman

Adwight

4/18/21 8:52am

Or the layman is hoping to get rich off of tulip bulbs, I mean dogecoin

boyblue

4/18/21 8:53am

It has to come from someone else. Cryptos aren’t creating new money. If a layman

bluecougar1985

4/18/21 8:55am

Alt seasons are basically a lottery

Mike Honcho

4/18/21 9:17am

Yep until it can be used to buy groceries or McDonalds or a house or any common type or good it’s not a currency, it’s

Mike Honcho

4/18/21 9:14am

I’ve seen multiple people saying that they now accept dogecoin as a form of

Adwight

4/18/21 9:17am

People or businesses?

Charles Darwin

4/18/21 9:19am

RE: People or businesses?

slappy

4/18/21 9:20am

Both. Contractors on house work. Service providers.

Adwight

4/18/21 10:10am

A contractor let you pay him in dogecoin?

Charles Darwin

4/18/21 10:16am

It was an option. Multiple different ones I saw listed too.

Adwight

4/18/21 2:15pm

Was this your contractor?

Charles Darwin

4/18/21 2:25pm

Like 3? 4? And they’re dumb.

Mike Honcho

4/18/21 9:20am

A lot of coins aren't meant to be used as widespread currency. Rather, they are used for the services they provide.

slappy

4/18/21 9:26am

Not all are designed to be used as currency. That is far from the only use case.

dave

4/18/21 10:14am

Yes. I realize this. But many who “invest” (more like speculate) don’t and don’t care and maybe that’s fine

Mike Honcho

4/18/21 10:28am

This is true.

dave

4/18/21 10:34am

Some of it is adoption

AtomicHamster

4/18/21 9:45am

While that is true. It is less true than 2017. Less white paper waving overall.

dave

4/18/21 10:16am

The thing I've never understood is why adopt Bitcoin?

thebell

4/18/21 12:09pm

Why buy an iPhone or invest in Apple. It just lined Steve Jobs pockets? Tesla?

dave

4/18/21 12:41pm

Umm, because an iPhone provides utility to the owner, apple makes products that provide utility too

boyblue

4/18/21 1:01pm

The ability to exchange money covertly...

Charles Darwin

4/18/21 1:13pm

You sure about that

boyblue

4/18/21 1:22pm

RE: You sure about that

Charles Darwin

4/18/21 1:29pm

With no way to delete or modify those transactions, criminals are idiots who do this

boyblue

4/18/21 3:39pm

It doesn’t appear that is happening

Charles Darwin

4/18/21 3:43pm

There will always be idiots, and when some go to jail this way, new idiots will make the same mistake

boyblue

4/18/21 3:50pm

I am not opposed to people innovating and getting rewarded

thebell

4/18/21 1:28pm

Would you buy the stock?

dave

4/18/21 5:05pm

No, but mostly because I don't purchase individual stocks

thebell

4/18/21 10:56pm

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