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A comment on Coinbase announces it will slow down hiring. Parent comment

Re:Coinbase announces it will slow down hiring by MomoXenosaga on Tuesday May 17, 2022 @12:57PM (#31413452)
If crypto is mostly a "get rich quick" scheme and shortcut to riches plummeting prices will cool down the hype fast. There's no such thing as a money printing machine that doesn't backfire.
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Re:Coinbase announces it will slow down hiring by duped on Tuesday May 17, 2022 @01:37PM (#31413954)
It's not a get rich quick scheme, it's a Ponzi scheme. o Once you can't convince new suckers to buy in the system collapses and the one left holding the bag loses everything.
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Re:Coinbase announces it will slow down hiring by maerF0x0 on Tuesday May 17, 2022 @02:27PM (#31414591)
if that's a ponzi scheme then so is the USD.
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Re:Coinbase announces it will slow down hiring by burntoutfire on Tuesday May 17, 2022 @04:32PM (#31415928)
The USD has intrinsic value - the US government insists on receiveing its taxes in USD, and only in USD. This alone creates trillions of dollars per year of real demand for USD. Crypto doesn't have anything like it.
[ Parent | on HN ]