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“selling it as a revolution” is a hugely important part of why cryptocurrency is succeeding. But as is generally the case when someone is trying to sell you something, the whole thing should seem extremely fishy. In fact, much of the cryptocurrency pitch is worse than fishy. It’s downright fraudulent, promising people benefits that they will not get and trying to trick them into believing in and spreading something that will not do them any good. When you examine the actual arguments made for using cryptocurrencies as currency, rather than just being wowed by the complex underlying system and words like “autonomy,” “global,” and “seamless,” the case for their use by most people collapses utterly. Many believe in it because they have swallowed libertarian dogmas that do not reflect how the world actually works.

Rob Iola wrote: ↑Sat Jun 12, 2021 11:42 am What can you actually buy with it? And why is so much energy consumed/pollution emitted to produce such a seemingly ephemeral product? At this stage it seems that crypto is little more than a conceptual IT construct.

kalm wrote: ↑Sat Jun 12, 2021 11:47 am

Rob Iola wrote: ↑Sat Jun 12, 2021 11:42 am What can you actually buy with it? And why is so much energy consumed/pollution emitted to produce such a seemingly ephemeral product? At this stage it seems that crypto is little more than a conceptual IT construct.

Good questions. Yet billions are thrown at it is at least on the radar screen of traditional/institutional investors.

AZGrizFan wrote: ↑Sat Jun 12, 2021 11:55 am

kalm wrote: ↑Sat Jun 12, 2021 11:47 am

Good questions. Yet billions are thrown at it is at least on the radar screen of traditional/institutional investors.

Bitcoin has been called a pyramid scheme for 15 years. Yet here it is….

AZGrizFan wrote: ↑Sat Jun 12, 2021 11:55 am

kalm wrote: ↑Sat Jun 12, 2021 11:47 am
Good questions. Yet billions are thrown at it is at least on the radar screen of traditional/institutional investors.

Bitcoin has been called a pyramid scheme for 15 years. Yet here it is….

UNI88 wrote: ↑Sat Jun 12, 2021 12:19 pm

AZGrizFan wrote: ↑Sat Jun 12, 2021 11:55 am

Bitcoin has been called a pyramid scheme for 15 years. Yet here it is….

So it's a long con ...

Pwns wrote: ↑Sun Jun 13, 2021 1:54 pm Ultimately it's just computer bits and it's only a matter of time before someone can effectively counterfeit it and since there's no real governing body on crypto nothing can really be done to protect its value.

CAA Flagship wrote: ↑Mon Jun 14, 2021 5:37 am Just checked. I have made 81 trades in RIOT and MARA since 9/4/20. I still have no idea what the hell is going on. But I am averaging a profit of $402 per trade.

Ibanez wrote: ↑Mon Jun 14, 2021 5:36 am

Pwns wrote: ↑Sun Jun 13, 2021 1:54 pm Ultimately it's just computer bits and it's only a matter of time before someone can effectively counterfeit it and since there's no real governing body on crypto nothing can really be done to protect its value.

They're computer files. You would think the woke crowd would be against something that requires so much energy to produce.

houndawg wrote: ↑Wed Jun 23, 2021 4:36 am How do you turn bitcoin into US dollars?

Ibanez wrote: ↑Wed Jun 23, 2021 5:27 am

houndawg wrote: ↑Wed Jun 23, 2021 4:36 am How do you turn bitcoin into US dollars?

Sell them

houndawg wrote: ↑Wed Jun 23, 2021 4:36 am How do you turn bitcoin into US dollars?

HI54UNI wrote: ↑Wed Jun 23, 2021 5:56 am

houndawg wrote: ↑Wed Jun 23, 2021 4:36 am How do you turn bitcoin into US dollars?

Put your bitcoins in one of these machines at the grocery store.

Ibanez wrote: ↑Wed Jun 23, 2021 5:27 am

houndawg wrote: ↑Wed Jun 23, 2021 4:36 am How do you turn bitcoin into US dollars?

Sell them

houndawg wrote: ↑Wed Jun 23, 2021 11:17 am

Ibanez wrote: ↑Wed Jun 23, 2021 5:27 am

Sell them

How do you find somebody dimwitted enough to buy them?

Ibanez wrote: ↑Wed Jun 23, 2021 11:39 am

houndawg wrote: ↑Wed Jun 23, 2021 11:17 am

How do you find somebody dimwitted enough to buy them?

If you bought it on an exchange, sell it for it's USD equivalent.

houndawg wrote: ↑Wed Jun 23, 2021 11:17 am

Ibanez wrote: ↑Wed Jun 23, 2021 5:27 am
Sell them

How do you find somebody dimwitted enough to buy them?

UNI88 wrote: ↑Wed Jun 23, 2021 11:46 am

houndawg wrote: ↑Wed Jun 23, 2021 11:17 am

How do you find somebody dimwitted enough to buy them?

Tell people in Little Egypt that bitcoin comes with a 10% off Meth coupon.

HI54UNI wrote: ↑Wed Jun 23, 2021 5:56 am

houndawg wrote: ↑Wed Jun 23, 2021 4:36 am How do you turn bitcoin into US dollars?

Put your bitcoins in one of these machines at the grocery store.