• merc@sh.itjust.works
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        4 days ago

        Real currencies are far more stable and are unlikely to suddenly disappear. It can occasionally happen, but it’s rare. Cryptocurrencies are a ponzi scheme.

        • finitebanjo@lemmy.world
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          4 days ago

          Consumer price indexes and exchange rates are constantly fluctuating, although admittedly BTC temporarily lost half its value a few times while it climbed from $0.09 to $106,154.15 in 15 years.

          The price goes up alongside adoption rates, at this point it takes a massive amount of funds to manipulate, like tens of billions.

          The vast majority of scammers ask you to wire transfer funds out of the USA or purchase gift cards.

          I agree with you that smaller coins are all pointless and terrible investment but I do see possitive potential for Crypto in the future as a means of people resisting central agencies.