Doge Branded as Ponzi by Federal Reserve Bank of Minneapolis President

Re:Doge Branded as Ponzi by Federal Reserve Bank of Minneapo... by bob33212 on Monday June 21, 2021 @02:42PM (#27582411)

In theory crypto could cure cancer by funding a promising researcher via micro payments. But until that actually happens, crypto's use case is ransomware, buying drugs online, and being used as a way to "invest" in coins that have no cashflow.

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Re:Doge Branded as Ponzi by Federal Reserve Bank of Minneapo... by thebean11 on Monday June 21, 2021 @02:54PM (#27582643)

Distributed prediction markets (in the post you replied to) already exist, it's not theoretical

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Re:Doge Branded as Ponzi by Federal Reserve Bank of Minneapo... by bob33212 on Monday June 21, 2021 @03:06PM (#27582842)

I see, what have you used it for?

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Re:Doge Branded as Ponzi by Federal Reserve Bank of Minneapo... by thebean11 on Monday June 21, 2021 @03:40PM (#27583366)

The betting market, or crypto in general? I haven't used the betting market (augur) but certainly plan to. I enjoy PredictIt but the fees are crazy high.

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