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Crypto currency (IF banned from CA)

Bitcoin isn’t a ponzi. It’s a speculative investment with huge potential to blow up at any time. It’s stayed stable for a while now so maybe it won’t dump like it has in the past.

Lots of cryptocurrencies are 100% a Ponzi scheme though. Hex for example in whichever iteration you choose. Any coin that is promoted by a celebrity that has no idea what they are putting their name to. Stay as far away from these as possible. You might make a load of money but you are far more likely to lose whatever you’ve put in.
 
Wizard said:
Bitcoin isn’t a ponzi. It’s a speculative investment with huge potential to blow up at any time. It’s stayed stable for a while now so maybe it won’t dump like it has in the past.

Lots of cryptocurrencies are 100% a Ponzi scheme though. Hex for example in whichever iteration you choose. Any coin that is promoted by a celebrity that has no idea what they are putting their name to. Stay as far away from these as possible. You might make a load of money but you are far more likely to lose whatever you’ve put in.
Click to expand...
I'm very curious on what makes the distinction here between Bitcoin and the other cryptos.
 

Aaron Day on the danger of CBDC. Pounds on BTC as a nowadays hollowed-out tool of the banksters also.

Good speaker - bit of a long watch but dare I say worth your time on 1.5x

vigilante.tv

Defending Financial Independence from CBDCs with Aaron Day

Subscribe to our FREE newsletter at https://cryptovigilante.io Aaron Day joined the presidential race with a critical mission: to warn Americans about the coming dangers of Central Bank Digital Cur...
vigilante.tv vigilante.tv
 

st.domingo said:
Aaron Day on the danger of CBDC. Pounds on BTC as a nowadays hollowed-out tool of the banksters also.

Good speaker - bit of a long watch but dare I say worth your time on 1.5x

vigilante.tv

Defending Financial Independence from CBDCs with Aaron Day

Subscribe to our FREE newsletter at https://cryptovigilante.io Aaron Day joined the presidential race with a critical mission: to warn Americans about the coming dangers of Central Bank Digital Cur...
vigilante.tv vigilante.tv
Click to expand...
Ye I do find it strange that people cheer on the bankers getting involved with crypto.

CBDCs should be avoided for sure
 
Bitcoin is the native coin/token of the bitcoin protocol and is awarded to miners when they validate a block.

The same can be said for ETH, which is the native coin/token of the Ethereum protocol.

The difference with Ethereum protocol is that by using smart contracts you can launch any coin/token you want.

I think this is the distinction he is trying to make, but it still doesn't make sense as there is no material difference between a coin and a token.

You can't even really own crypto in the traditional sense of the word. All you have is knowledge, you know your private key, this allows you to interact with the Blockchain to access 'your' crypto
 

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