• EldritchFeminity@lemmy.blahaj.zone
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    1 month ago

    Found the diamond hands.

    Crypto currencies are still backed by and dependent on those same currencies. And their value is incredibly unstable, making them largely useless except as a speculative investment for stock market daytraders. BitCoin may as well be Doge Coin or Bored Ape NFTs as far as the common person is concerned.

    I hope your coins haven’t seen a 90%+ drop in value in the past 4 years like the vast majority have.

    • areyouevenreal@lemm.ee
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      29 days ago

      Cryptos obviously have serious issues, but so do fiat currencies. In fact all implementations of money have one problem or another. It’s almost like it’s a difficult thing to get right and that maybe it was a bad idea in the first place.