Dear JamesNZ,
I was utterly appalled to read your post, which is riddled with misinformation and a complete lack of understanding about cryptocurrencies. Your blatant bias against this emerging technology and your failure to grasp its fundamental principles are both disappointing and unacceptable.
First, your claim that it is impossible to invest in cryptocurrencies is not only false but also demonstrates a fundamental misunderstanding of what cryptocurrencies are and how they work. Cryptocurrencies are digital assets that can be bought, sold, and traded on various platforms, just like stocks, real estate, and other investment instruments. They have value because people are willing to buy and use them, and their value can fluctuate based on market demand and other factors.
Furthermore, your argument that cryptocurrencies are not investment instruments because they do not generate revenue or equity is misguided and shows a lack of basic financial knowledge. Many investment instruments, such as gold and other precious metals, do not generate revenue or equity either, but they are still considered legitimate investment opportunities.
Your explanation of the sources of profit for stocks, real estate, and fiat currencies is also flawed and demonstrates a lack of understanding of basic economics. You claim that the source of profit for fiat currencies is debt, but this is only partially true. The value of fiat currencies is determined by a variety of factors, including government policies, economic indicators, and market demand.
Your description of cryptocurrencies as "numerical records of participation in pyramid-like schemes" is not only inaccurate but also offensive to the many legitimate projects and communities in the cryptocurrency space. Cryptocurrencies are built on blockchain technology, which is typically a decentralized and transparent ledger system that enables secure and transparent transactions. This means that the transaction data is usually distributed across a network of computers, rather than being controlled by a single entity, and that anyone can view the transaction history on the blockchain. However, it's important to note that while blockchain technology is often decentralized and transparent, there are some exceptions. For example, some private blockchains are centralized and not open to the public. However, in the context of cryptocurrencies, public blockchains are the norm.
Your argument that the 21 million limit on Bitcoin is arbitrary and meaningless is also incorrect. While it is true that the limit is an arbitrary number, it is a fundamental aspect of Bitcoin's design and is intended to prevent inflation and maintain the currency's value over time. However, it's important to note that many aspects of Bitcoin's design, such as the block size limit and the mining reward schedule, are also arbitrary and have been the subject of debate within the community.
In short, your post is a disgraceful display of ignorance and misinformation about cryptocurrencies. I strongly urge you to educate yourself on this topic and approach it with an open mind, rather than perpetuating harmful stereotypes and misconceptions.
Your cannot change the reality by denying it, by crying and wining, by using loaded language, and by misrepresenting my description of that reality. I understand that you're frustrated because my post demonstratrd that you are a participant of a pyramid-like scheme and not an investor. But your response is pretty hilarious and pathetic. Try to accept reality instead of writing nonsensical walls of text.
Your response is nothing but a pathetic attempt to deflect from the fact that you have been proven wrong. You have resorted to personal attacks and baseless assumptions, rather than addressing the factual inaccuracies in your original post.
Furthermore, your accusation that I write "nonsensical walls of text" is not only false but also unfounded. I provided a well-reasoned and factual argument that challenges your misconceptions about cryptocurrencies. If you are unable to comprehend or refute my argument, that is not my problem.
I will not tolerate your condescending and dismissive attitude. If you continue to make false accusations and personal attacks, I will have no choice but to report you to the moderators.