My friend saw me use Coinbase and I was thinking of buying polkadot. Then they asked me what is it.....and I couldn't explain lol. I was lazy to search too. I actually know about blockchain and they do too but they are asking about what the coin itself represent lol. Why so many coins đ, and why should we learn about them since they are basically virtual with questionable uses. I don't have a lot invested (<$5000) but I am questioning what I am doing here lol. Most people actually can't even explain it. I think it's my fault for not being an educated investor (which is why I don't invest a lot), but it really feels like a scam sometimes.. i.e., I use coinbase and it goes against the whole decentralized idea, charges me for deposit and withdrawal, and I don't want to spend time learning about various coins it advertises. How do you feel about crypto? Kindly asking. So far it's been something I barely follow but maybe I should completely ignore it now. #tech #personalfinance #investments
SBF, I will leave it at that
US money printer, Iâll leave it at that!
SBF wasnât a crypto specific scam, he did financial fraud that is no different than we see in TradFi
Believe in Bitcoin. You donât have to know about others.
Indeed the most peaceful way to fight against monetary tyranny
It's been around for 12 years at least. Can you name one practical use case where it's solved a problem in the real world?
It gives me peace of mind to hold Bitcoin, with 24 words I can take my wealth to any part of the world in fraction of a time âwithout anyone interferingâ.
Monero allows you to exchange currency quickly, securely, at low cost, and anonymously which makes selling drugs online very easy.
No itâs a sham, I only made 500k out of it.
At the end of the day itâs a secure or atleast supposed to be a secure ledger. Ethereum was more groundbreaking with smart contract, so you can essentially code in behavior. So you can set up automatic market making, hedge funds, loans all that Nft and microtransactions are other usecases We saw hype when interest rate were low, people just would invest in anything and whole thing ended up being a pump and dump on public. Once the rates went high, pretty much suckers were left holding the bag This will happen again, once interest rate goes low, bitcoin will prolly break 100k level, we will see a renewed interest. They will be more hyper-realistic games, easier on boarding, frictionless fast and cheap transactions Now the problem itâs competing against is the alternatives (credit card, online banking) is secure backed by fed and works pretty well. If you take the potential of getting rich out, you arenât going to see much public interest.
Thanks for using Coinbase
Trash
damn that's scary....the dealer's own opinion on the merchandise
Exactly
OK I am selling all my crypto. Thanks for helping me evaluate the situation
Cryptobros would say itâs as important as the inventor wheel. But itâs a square wheel.
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The fact that youâre asking this should trigger a red flag in your brain
Why? Asking questions is how you learn.