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[–] 1 point 1 year ago* (4 children)

This is a delusional take. What are you talking about? Have you looked at Bitcoin lately? It is over $100k....

Tell me about "craters again" please?

Cryptocurrencies are about the only tech right now that gives the common people a fighting chance. Never in history has there been a real competitor to bankers and their monopoly on value.

I hope more people invest their life savings. If they can hold for 5 years, they will be wealthy.

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  • [+] [S] 2 points 1 year ago (3 children)
  • [–] 1 point 1 year ago

    Crypto solves it by providing an auditable public ledger following mathematical rules agreed upon by all parties utilizing it. It has a predictable and transparent minting process and transactions are uncensored. Transfers are predictable and rapid. You can see exactly what's happening when you transfer. It doesn't stamp generated ids on people, instead the people report their identity to the network.

    It doesn't care how people acquire, so yes, people can use fake centralized money to buy real money if there are sellers willing to do that.

    There are many more benefits, but the point is, yes, it solves an enormous number of serious problems, many of which you definitely haven't considered.

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