ST Alpha - "because it's fake money made with real damage to the environment. it's garbage and just another scheme to funnel money out of bad investors. -- nm" (Reading a Post)

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In response to "Why do you hate the future? :) -- nm" by oblique

because it's fake money made with real damage to the environment. it's garbage and just another scheme to funnel money out of bad investors. -- nm

Posted by chicken daddy (aka colinski) Aug 3 '21, 13:07

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Responses:

Well, all money is fake. Just look how the fed prints trillions all the time. Bitcoin is hardly a scheme as there are real world solutions currently - oblique Aug 3, 13:12 5
- Not “all the time”, only when it is needed to keep the money supply moving. -- (edited) - znufrii Aug 3, 13:21 2
  - It's a long read and for sure you are correct that it is a complex subject but also anyone who thinks that just printing more money is sustainable -- (link) - oblique Aug 3, 13:31 1
    - Ok, my first issue is with the headline. :) -- (edited) - znufrii Aug 3, 13:36
- sure, but some is more of a scam than others. -- nm - chicken daddy Aug 3, 13:15 1
  - outside of bitcoin and Ethereum, nearly all of crypto is a scam. The later has different issues which may break it especially as it moves to PoS -- nm* - oblique Aug 3, 13:17

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