Crypto

Dole ver 2.0 said:
During 1999-2001 there were companies valued in the billions that had no sales or products. This is eerily similar.
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You do realize just about every currency (including the USD) is based off faith in value of the currency. Crypto is no different other than there is no physical coin and is way more volatile for now
 
NU_FTW said:
You do realize just about every currency (including the USD) is based off faith in value of the currency. Crypto is no different other than there is no physical coin and is way more volatile for now
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USD is backed by the full faith and credit of the USA. Cryptocoins are backed by nothing.
 
NU_FTW said:
You do realize just about every currency (including the USD) is based off faith in value of the currency. Crypto is no different other than there is no physical coin and is way more volatile for now
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Every time one of us scratches our head in puzzlement at one of Dole's clueless posts and feeds him a "you do realize that..." it's the first time he was aware of it. :laugh:

The ignorance is astonishing (and so entertaining, too).
 
Dole ver 2.0 said:
USD is backed by the full faith and credit of the USA. Cryptocoins are backed by nothing.
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You do know we moved away from the GOLD standard a long ass time ago right?? Our currency is no longer backed by a precious metal it has no physical connection to value beyond the belief that it is worth xyz in trade, crypto is only a hop skip and jump away from being a global currency, the second you can go to any grocery store and spend CRO or ETH or whatever without having to convert to dollars first it becomes stable and wont be nearly as volatile thats a fact jack, and once that happens it will be little different than playing with currency exchanges to "make money" so people like @HammerDown and others (myself included) sometimes jump on these potential home runs because their upper limit is basically limitless until that point then it will be solidified at whatever value (and you can bet your ass it will go up in value when walmart announces it will accept crypto without need for a middleman)


notice i say WHEN not IF
 
NU_FTW said:
You do know we moved away from the GOLD standard a long ass time ago right?? Our currency is no longer backed by a precious metal it has no physical connection to value beyond the belief that it is worth xyz in trade, crypto is only a hop skip and jump away from being a global currency, the second you can go to any grocery store and spend CRO or ETH or whatever without having to convert to dollars first it becomes stable and wont be nearly as volatile thats a fact jack, and once that happens it will be little different than playing with currency exchanges to "make money" so people like @HammerDown and others (myself included) sometimes jump on these potential home runs because their upper limit is basically limitless until that point then it will be solidified at whatever value (and you can bet your ass it will go up in value when walmart announces it will accept crypto without need for a middleman)
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Dole says something completely incorrect about Ft. Knox in 3... 2..
 
What are cryptocoins? I've been dabbling in crypto for five or six years and this is the first time I've ever heard of cryptocoins.
 
The greatest source of value and wealth creation of the century is cryptocurrency, blockchain, decentralization and the mindblowing technology that will drive it.

Yet @Dole ver 2.0 who knows nothing about any of this not only won't stop shouting his ignorant opinion BUT also insists on repeatedly giving financial advice (to people who don't ask for it) AND get this! I am the "arrogant" one.

The Office I Give Up GIF
 
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