ST Alpha - "Is this crypto's fault though? -- nm" (Reading a Post)

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In response to "and people wonder why the SEC wants to crack down on crypto... -- nm" by decline

Is this crypto's fault though? -- nm

Posted by ty97 Sep 13 '21, 12:23

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Responses:

The better question is how did Globe Newswire end up publishing a fake press release from Walmart? -- nm - oblique Sep 13, 12:27
No. Crypto is volatile any day. Fault lies with news agencies and others who publicized a phony press release without verifying. -- nm - zunk xometimes Sep 13, 12:26 10
- Why is it so volatile compared to traditional currency? Isn't that by design? -- nm - mara Sep 13, 12:31 9
  - isn't the reality that it's not a currency, but a new form of security? -- nm - decline Sep 13, 12:34 8
    - Can it be both? :) - oblique Sep 13, 12:42 1
      - I mean, I guess. The same way that they could make Apple stock the legal tender of the country - decline Sep 13, 12:48
    - Okay, so isn't it designed to be a highly volatile security? -- nm - mara Sep 13, 12:37 5
      - design? probably not, but the speculation that has become an inherent part of the crypto markets makes it so - decline Sep 13, 12:51 2
        
        But it's unbacked by design, I assume. It offers no returns (coupons, dividends, interest, etc) by design. -- nm - mara Sep 13, 13:08 1
        
        true, but now we're moving into the theories behind the original design of blockchain - which is a bit tough since we still don't know who developed - decline Sep 13, 13:19
      - no. I wouldn't say designed. It is very very new (relatively speaking) and it's volatility reflects that. T think others would argue that as it is - oblique Sep 13, 12:40 1
        
        Adoption and speculative hoarding are two different things. -- nm - znufrii Sep 13, 12:55

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