It's About Liberty: A Conservative Forum

Topics => Economy => Topic started by: Libertas on May 13, 2022, 12:35:00 PM

Title: Crypto is not without its scams - Terra...flop
Post by: Libertas on May 13, 2022, 12:35:00 PM
Today, however, cryptocurrency teams take but a couple of years from idea generation to a minimum viable product, not enjoying an organic growth in favor of huge amounts of capital that disproportionately favors insiders at the expense of the regular user.

https://www.zerohedge.com/crypto/what-terras-hyperinflationary-collapse-teaches-about-crypto-bitcoin (https://www.zerohedge.com/crypto/what-terras-hyperinflationary-collapse-teaches-about-crypto-bitcoin)

https://twitter.com/PDocHLG/status/1524791586248327171 (https://twitter.com/PDocHLG/status/1524791586248327171)

Bitcoin and others of that model got a lot of free advertising out of this...but the reason these other schemes come up is because of the stratospheric values they have...effectively pushing many average Jack & Jill's to the fringes...

Almost as if by design...the haves and have nots...eh?  Just wait till government hijacks it all...