Crypto currency (IF banned from CA)


SerenityNigh said:
Well, people who own AMZN also benefit from what happens to AMZN, because there is an underlying asset being monetized. That's not to say that animal spirits don't influence price, because they can hold significant sway, but at least there is an asset. With crypto there is no asset that holds any fundamental value because it performs no fundamental function (or nothing more than just the digital ledger, or whatever the technology may be). There is a scarcity, however, and there are animal spirits at play.

So you're correct, HEX isn't unique. But it's nothing like trading AMZN, and it's not even close to buying and selling commodity futures because it's not a commodity. It's just instead like buying gold coins you see advertised on the 24 news channels, except these are digital gold coins.
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All HEX does is take a system that already works in the real world, CDs/Government bonds and puts it on the blockchain, so to say it has no value is just wrong. There is such a thing as the time value of money, thats why the US/China CD market is worth something like 7 trillion
 
Efcjake said:
The entire thing is a greater fool gambit.

There's no tangible value to any of it and none of them are actually functioning as a currency, just commodity bubbles.
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I agree, they are not currencies and I have said millions of times in this thread BTC will never be used as it was originally intended as p2p digital cash.

HEX is different and monetizes the time value of money, just like banks do every day. If you have an ISA then it is comparable to HEX
 
MikelsGoat said:
Yeah im deeply upset I didnt jump on the goth coin.

Just like im deeply upset I didnt buy facebook at 5p a share or buy into Google when it was looking for seeding money.

I mean im not like.

All you weird bitcoin weirdos think you are the wolf of wall street, its utterly comical.
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Whats utterly comical is all you people who hate crypto and call it really funny names like goth money come onto a crypto thread and proclaim how right you are.

I for one own no BTC and my thesis for my MEng was in blockchain security, where does that fit into your narrative that we are all bitcoin nonces?
 
DuuuncanHadaPigeon said:
Whats utterly comical is all you people who hate crypto and call it really funny names like goth money come onto a crypto thread and proclaim how right you are.

I for one own no BTC and my thesis for my MEng was in blockchain security, where does that fit into your narrative that we are all bitcoin nonces?
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????

I didn't use the N word.

But it was started so people could buy kids on the dark web.
 

DuuuncanHadaPigeon said:
I agree, they are not currencies and I have said millions of times in this thread BTC will never be used as it was originally intended as p2p digital cash.

HEX is different and monetizes the time value of money, just like banks do every day. If you have an ISA then it is comparable to HEX
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It isn't different mate. It's just a new flavour of scam.

The values of these products are all solely based on the idea that someone will pay you more for it tomorrow and the only thing that drives their value is that belief.
 


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