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Message
re: People buying these Crypto Currencies
Posted on 6/17/22 at 12:12 pm to I Love Bama
Posted on 6/17/22 at 12:12 pm to I Love Bama
quote:
In my opinion, only Bitcoin wins
First mover and better brand recognition.
What else does it have? It's the same as the rest. Requires a lot of belief that it has some sort of value, or can reasonably used as currency (its ridiculously slow), and it's not just another "greater fool" operation.
I don't "invest" in what I don't understand. That includes a lot of stocks in companies I don't understand. I didn't invest in Yahoo when they had a market cap greater than General Motors at the turn of the millennium.
Will some of these survive and provide utility? I'm sure they will. But for now, I'm reminded of the "gold rush" and all the snake-oil salesmen that went with it. This feels like that.
Posted on 6/17/22 at 12:18 pm to Grievous Angel
quote:Have you brushed up on the bitcoin Lightning network? This point is moot if Lightning can continue growing
or can reasonably used as currency (its ridiculously slow
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