• Rothe@piefed.social
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      2 days ago

      Curious how something so heavily marketed by cryptobros as a modern currency alternative to big banking is almost always only being talked about as an object of investment. As if it is really nothing but yet another speculative scheme for people who are the rich to get richer.

      • imeansurewhynot@sh.itjust.works
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        2 days ago

        Curious how something so heavily marketed…as modern currency…is almost always only being talked about as an object of investment.

        Nothing strange about basic marketing.

        yet another speculative scheme for people who are the rich to get richer.

        Like the bosses at your job? Yeah, it’s kind of like that.

        You don’t have to understand the chemical properties of gold to buy and sell it.

        You don’t like investments, fine. That works out well for those who do. Most complain while standing still, some act.

        • deHaga@feddit.uk
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          2 days ago

          It’s not a decentralised currency though is it.

          And stable coins are just another way for the US to issue debt

          • imeansurewhynot@sh.itjust.works
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            2 days ago

            Bitcoin? Yes, it is fundamentally decentralized.

            If you don’t know something ask questions and learn. You’re wasting so much time arguing against your own assumptions.

                • deHaga@feddit.uk
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                  20 hours ago

                  It’s a store and exchange of value

                  Crypto is just a speculative asset.

                  • imeansurewhynot@sh.itjust.works
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                    14 hours ago

                    Whoops, you’re wrong.

                    Besides being a payment method, border-free currency, commerce security, staking and lending asset, organizational governance token and other uses, crypto is also “just” a valuable asset.

                    Thank you for not understanding and shying away from a valuable asset thereby allowing others to have more of it.

                    Give away your gold and index funds, folks, deHaga thinks they’re worthless “speculative assets”!

      • imeansurewhynot@sh.itjust.works
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        2 days ago

        No, a higher return results from basic math. If i invest $1 24 months in a reinvesting account before you do, I’ll have 24 more months of compound interest on that dollar than you will. I started earning returns first.