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A comment on Cryptoqueen: A woman scammed the world, then vanished (2019). Parent comment

Re:Cryptoqueen: A woman scammed the world, then vanished (2019) by gh55 on Sunday May 16, 2021 @06:12AM (#27172591)
For me, knowing that a contract will be followed regardless of the wishes of any party involved is very valuable. Knowing that an asset will remain scarce, its issuance predictable, and that I can store it securely at extremely low cost, is very valuable.
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Re:Cryptoqueen: A woman scammed the world, then vanished (2019) by free652 on Sunday May 16, 2021 @07:45AM (#27173002)
Crypto are a scam these days. The contract can be changed, it isn't set in stone. Look at the Ethererum and Ethereum Classic.

While they are called crypto currencies, most of them if not all aren't used as currencies.

I just to give a hint I am involved since 2011 and just dumped all crypto. When I get crypto tips from strangers at my son's swimming team, it's about time to quit it.

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Re:Cryptoqueen: A woman scammed the world, then vanished (2019) by jollybean on Sunday May 16, 2021 @10:44AM (#27174058)
"Knowing that an asset will remain scarce, its issuance predictable, and that I can store it securely at extremely low cost, is very valuable."

You can achieve this any number of ways and it has nothing to do with currency or money. FYI Gold, which you can buy a million different ways.

But since prices are crazy volatile, and it could be worth $0 tomorrow, it can't be used as currency, and it makes a terrible store of value.

For every 'practical reason' to use a crypto, there are already many other better solutions.

The only 'real reason' people buy them is because they want to make money flipping it and that's it.

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Re:Cryptoqueen: A woman scammed the world, then vanished (2019) by imtringued on Sunday May 16, 2021 @12:02PM (#27174559)
Bitcoin has outperformed gold significantly in the past, so that can't be the reason why people buy it. They'd stop buying it because it is overpriced.

Now that inflation is up again, people are realizing that fact. Gold is going up, Bitcoin is going down.

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