04-26-2021, 08:14 AM
There's no "Currency" Left in Cryptocurrency, and There Hardly Ever Was
<!-- SC_OFF --><div class="md"><p>By percentage, what is your <em>actual</em> usage of any of these shitcoins for real economic exchange as a currency? And no, cashing out to fiat doesn't count. What <em>real goods and services</em> have you actually purcahsed with crypto? I'm gonna guess for the vast majority of you, it's pretty close to zero.</p> <p>Do the shitcoins you're holding have these properties, REQUIRED to function as a currency:</p> <ul> <li>Divisibility</li> <li>Durability</li> <li>Portability</li> <li>FUNGIBILITY </li> <li>Recognizability</li> <li>Privacy</li> <li>Limited supply</li> </ul> <p>If it doesn't have those qualities, it's not money. So no, your transparent chain, premined, heavy inflation, huge fees per transaction, barely functional network, is NOT currency. They're gambling tokens, and you people have a gambling problem. You're not "revolutionizing paradigms," you're not "fighting the banks," you're not doing anything other than speculate on garbage which will never be used as an actual currency.</p> <p>And WHEN this bubble pops, and you lose 90% of your paper wealth, you will have deserved it for being equally as greedy as the banks you hate, but with a much higher level of ignorance than those parasites. Now downvote me.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bawdyanarchist"> /u/bawdyanarchist </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/myp3nt/theres_no_currency_left_in_cryptocurrency_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/myp3nt/theres_no_currency_left_in_cryptocurrency_and/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>By percentage, what is your <em>actual</em> usage of any of these shitcoins for real economic exchange as a currency? And no, cashing out to fiat doesn't count. What <em>real goods and services</em> have you actually purcahsed with crypto? I'm gonna guess for the vast majority of you, it's pretty close to zero.</p> <p>Do the shitcoins you're holding have these properties, REQUIRED to function as a currency:</p> <ul> <li>Divisibility</li> <li>Durability</li> <li>Portability</li> <li>FUNGIBILITY </li> <li>Recognizability</li> <li>Privacy</li> <li>Limited supply</li> </ul> <p>If it doesn't have those qualities, it's not money. So no, your transparent chain, premined, heavy inflation, huge fees per transaction, barely functional network, is NOT currency. They're gambling tokens, and you people have a gambling problem. You're not "revolutionizing paradigms," you're not "fighting the banks," you're not doing anything other than speculate on garbage which will never be used as an actual currency.</p> <p>And WHEN this bubble pops, and you lose 90% of your paper wealth, you will have deserved it for being equally as greedy as the banks you hate, but with a much higher level of ignorance than those parasites. Now downvote me.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bawdyanarchist"> /u/bawdyanarchist </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/myp3nt/theres_no_currency_left_in_cryptocurrency_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/myp3nt/theres_no_currency_left_in_cryptocurrency_and/">[comments]</a></span>Kind Regards R