I’m not defending other cryptocoins or anything, they might be a ponzy scheme or some other form. But in the end they at least only pretended to be that, a valuta. Which they are, even though they aren’t really used much like that. NFT’s on the otherhand promised things that were always just pure technical bullshit. And you had to be a complete idiot not to see it. So call it a double scam.
A large majority of “real” money is digital, like 80% non-m1 m2. The only real difference between crypto and USD is that the crypto is a public multiple ledger system that allows you to be your own bank.
Because the pyramid scheme is still going strong with them, exactly because new victims are continually falling for them. NFTs lost their hype so quickly that the flow of new victims basically completely stopped, and so the bottom went out of them much faster.
It’s crazy that people could see NFTs were a scam but can’t see the same concept in virtual coins.
I’m not defending other cryptocoins or anything, they might be a ponzy scheme or some other form. But in the end they at least only pretended to be that, a valuta. Which they are, even though they aren’t really used much like that. NFT’s on the otherhand promised things that were always just pure technical bullshit. And you had to be a complete idiot not to see it. So call it a double scam.
A large majority of “real” money is digital, like 80% non-m1 m2. The only real difference between crypto and USD is that the crypto is a public multiple ledger system that allows you to be your own bank.
I’ve heard the sales pitch, it’s a ponzi scheme with receipts. An open pyramid, so to speak. At best a volatile store of wealth.
You’re not sold on the concept of money? I guess that fits right in on Lemmy.
Potentially volatile right, since who knows if/when various stablecoins might depeg
So is fiat.
Because the pyramid scheme is still going strong with them, exactly because new victims are continually falling for them. NFTs lost their hype so quickly that the flow of new victims basically completely stopped, and so the bottom went out of them much faster.
It’s crazy that people see crypto as a scam but can’t see the same concept in fiat currencies.
Governments don’t accept cryptocurrencies for taxes. They’re not real currencies.
They don’t usually accept other nation’s currencies in general.
No, but for every real currency it’s accepted (and required) to pay taxes somewhere.
because there are some buisness that accept some crypto, mostly grey or black market ones, but respectable companies none the less.