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Alias Born | 05/10/2019 |
Tuesday, January 30, 2024 2:32:18 PM
Crypto is such a joke. It’s a total scam. Sure a digital currency is a lovely idea but that’s essential what credit/debits cards are.
Besides, no way an unregulated currency is remotely viable for public use. Let’s say I’m a BMW dealership and I sell you a car for 2 BTC, assuming BTC is $40k so I sold you the car for $80k
What happens if/when BTC crashes to $20k next week?
Then I sold you the car for only $40k.
To mitigate this risk of handling BTC dealerships who need to hire a BTC finance person to buy/sell on a daily/weekly/monthly basis. No dealership can afford to hire BTC traders as a means to handle crypto.
The only viable use for unregulated currency is for drugs, arms and other black market transactions. Legit Wall St folks know this is a complete Ponzi scheme
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