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Crypto currency (IF banned from CA)

This is a great read...really worth the effort to see it through:



Is it really a great read?

He says crypto is not money in the way a dollar bill is, which I agree with him, BTC has utterly failed at p2p digital cash - something I have said many times in this thread.

For 99% of people who buy crypto, they buy it as an investment in the hope they can make more fiat (me included) so when he says 'If all you have is cryptos, you can’t buy anything' the same could easily be said for apple stock - 'If all you have is apple stock, you can't buy anything', that is if you approach crypto from an investment perspective and not from the viewpoint that one day we will all be transacting in BTC or doge coin.

Then onto Web3 he says this - 'the idea that the internet could be remade as something that can only be used by people who have cryptocurrency tokens' which I am 99% sure isn't true. Web3 would just allow you to buy something off a website using crypto instead of using a VISA/Mastercard 'middleman' layer, it's just a decentralized internet. The brave browser integrates web3 and as far as I know and there is no barrier to entry in terms of needing to own crypto.

Then he jumps very quickly to ransomware which I think is a bit irrelevant even though he tries to tie it to his hut tax story.

I don't know, a few of the stories about early taxation were mildly interesting but I wasn't impressed by it and if it was meant to be some takedown of crypto it failed.
 


They claim someone has hacked their account but that is their pinned tweet.


 
Mental how celebrities are allowed to scam people make big bank amd move on and carry on with thier life. Not having a clue what crypto eve is but got paid hansom to scam thier fans and no back lash.
 

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