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A comment on Crypto-currencies have lost 30% of their value in the last 3 weeks. Parent comment

Re:Crypto-currencies have lost 30% of their value in the las... by jorgec on Tuesday July 11, 2017 @10:30AM (#14744447)
Exactly. People pay real money and get nothing in exchange.

Plus, its amazing how people don't get how the system works.

[ Parent | on HN ]
Re:Crypto-currencies have lost 30% of their value in the las... by VirtruTyler on Tuesday July 11, 2017 @11:03AM (#14744752)
The vast majority of people don't understand how our existing financial systems work either.
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Re:Crypto-currencies have lost 30% of their value in the las... by Singletoned on Tuesday July 11, 2017 @11:15AM (#14744866)
I'd be genuinely interested to find out what you feel is real about the money compared to the nothing you got in exchange?

Also how does the system work from your point of view?

[ Parent | on HN ]
Re:Crypto-currencies have lost 30% of their value in the las... by colorint on Tuesday July 11, 2017 @02:29PM (#14746691)
The thing that's real about real money is that you can use it to pay your taxes. You may talk about how you could, in principle, barter goods and services and account for everything in terms of chickens, but the IRS doesn't accept chickens.
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Re:Crypto-currencies have lost 30% of their value in the las... by h1d on Tuesday July 11, 2017 @11:22AM (#14744923)
Because you don't need to, to get some return.
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