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ProfessorGAC

(64,852 posts)

24. Nothing Luddite About It

Reply to JCMach1 (Reply #15)

Sat May 14, 2022, 04:13 PM

May 2022

Your rant does nothing to alter the root flaws pointed out in the linked article.
You want to gamble&0 & call it investing, fine.
Denigrating others who see it differently is childish.

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Highlight:

Why This Computer Scientist Says All Cryptocurrency Should "Die in a Fire" [View all] Nevilledog May 2022 OP

I don't understand it XanaDUer2 May 2022 #1

Always seemed like the ultimate Ponzi scheme to me... Wounded Bear May 2022 #2

Yep, it's the 21st Century, hi-tech version Ponzi scheme. nt Phoenix61 May 2022 #17

Saw this on Twitter... smirkymonkey May 2022 #20

Me too. hlthe2b May 2022 #30

Just one Carrington event away from oblivion with cryptocurrencies. roamer65 May 2022 #3

Wish you would provide more context empedocles May 2022 #7

.. roamer65 May 2022 #10

I did look that up. The Federal Reserve fund? empedocles May 2022 #11

I remember reading in the past they store printed currency for any national emergency. roamer65 May 2022 #16

A bad Carrington event will fuck up everything Silent3 May 2022 #25

Yes. If it was in the same magnitude as 1859 we would be royally fucked. roamer65 May 2022 #26

well, can't call this guy a fence sitter! stopdiggin May 2022 #4

"Obviously he doesn't understand the algorithm" dalton99a May 2022 #5

This idea is way better. 48656c6c6f20 May 2022 #6

Most people don't get that gold was simply made a floating rate currency by that move. roamer65 May 2022 #13

There's that word "fiat" again. hunter May 2022 #19

Spot On! ProfessorGAC May 2022 #21

"Fiat" currency are at least backed by the country that presents it... Wounded Bear May 2022 #22

Reddit crypto was crazy yesterday. sarcasmo May 2022 #8

IT IS NOT GOING AWAY Iwasthere May 2022 #9

You sound agitated. Got lots of crypto? Nevilledog May 2022 #12

'BTC' ? empedocles May 2022 #14

BTC is Bitcoin. Like USD is US Dollar. SEK is Swedish Krona, etc etc. Celerity May 2022 #32

There are at least 2 major differences between bitcoin, paper currency, and gold or silver. patphil May 2022 #18

Crypto-luddite... Like all revolutionary tech, blockchain isn't going anywhere JCMach1 May 2022 #15

Nothing Luddite About It ProfessorGAC May 2022 #24

Dead wrong sorry JCMach1 May 2022 #33

Block chain itself as a distributed ledger has some utility... Silent3 May 2022 #27

I like this quote from the article: hunter May 2022 #31

You know why they invented NFTs (nun-fungible tokens)? Earth-shine May 2022 #23

. empedocles May 2022 #29

:) Something to that I imagine. A market created by the appeal of Hortensis May 2022 #34

Totally agree. It is nothing but a scam. LiberalFighter May 2022 #28

Thanks for the article, Nevilledog. Worth reading. Hortensis May 2022 #35

"And the reason I've gotten so sour on the cryptocurrency space is the ransomware" honest.abe May 2022 #36

Another reason: Environmental. Carbon emissions. Hortensis May 2022 #37

The only thing cryptocurrencies are good for is crime.. honest.abe May 2022 #38