this post was submitted on 15 Apr 2025
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[–] finitebanjo@lemmy.world 0 points 3 months ago (1 children)

"Real currency" also gets created or destroyed by a government at whims. Anybody clutching their USD rn isn't going to benefit in the long run.

[–] merc@sh.itjust.works 1 points 3 months ago (1 children)
[–] finitebanjo@lemmy.world 0 points 3 months ago (1 children)

So the realness by your definition has no merit.

[–] merc@sh.itjust.works 2 points 3 months ago (1 children)

Real currencies are far more stable and are unlikely to suddenly disappear. It can occasionally happen, but it's rare. Cryptocurrencies are a ponzi scheme.

[–] finitebanjo@lemmy.world 0 points 3 months ago* (last edited 3 months ago) (1 children)

Consumer price indexes and exchange rates are constantly fluctuating, although admittedly BTC temporarily lost half its value a few times while it climbed from $0.09 to $106,154.15 in 15 years.

The price goes up alongside adoption rates, at this point it takes a massive amount of funds to manipulate, like tens of billions.

The vast majority of scammers ask you to wire transfer funds out of the USA or purchase gift cards.

I agree with you that smaller coins are all pointless and terrible investment but I do see possitive potential for Crypto in the future as a means of people resisting central agencies.

[–] merc@sh.itjust.works 1 points 3 months ago

Ponzi schemes sometimes take a while to collapse.