Post
Topic
Board Bitcoin Discussion
Re: Fun fact: Cryptocurrencies are not Assets, but Activity Logs
by
JamesNZ
on 25/08/2024, 06:49:51 UTC
I remember that OP has several forum threads about "crypto being a glorified spreadsheet" or "crypto being a bunch of records on servers".
I don't mind people hating on Bitcoin and cryptocurrencies in general. Criticism should be welcomed in the crypto community.
What I don't understand is why OP is repeating the same thing over and over again. This is a Bitcoin/cryptocurrency forum. Does he think that such forum posts will discourage other forum members into investing in crypto? OK, cryptocurrencies aren't stocks or bonds. So what? If the people want to invest in crypto, let them invest. If the whole crypto industry becomes into a giant bubble and it bursts, the people will lose their money, but that's capitalism. You have to take risks in order to make profits.
My only motivation is truth. People spread lies by portraying this whole crypto thing as some revolutionary asset, new form of money, valuable investing, etc. But it's all just a giant pyramid scheme that is being tracked by updating a log with numerical entries. So, as long people will spread lies I will continue to post the truth. Either through analogies or by literally describing what is going on, like in this topic.