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8 comments
Ciela-An Orca Ally

@jon thank you not being part of the hype and having strong principles.

galvao|galvaoetibr@bsky.social

@jon Love the post - and the april fool's joke as well hehe

Undead Report πŸ’€

@jon
Yes! Wash. Rinse. Repeat.
A blog article that is as relevant today as it was a year ago. Thanks for keeping things in perspective and on course, Mr. Jon! :vivaldi_red:

Tim Chambers

@jon This was one reason I chose Vivaldi as my browser.

Random Tux User :fedora:

@jon
Honestly, I still believe that crypto could be used as legitimate alternative currency that can be private and also act as a universal currency in the age of the internet.

However as you said, most crypto is no longer that. The issue is that there is no actual control on how much any crypto is worth at any given time. Even stuff like art follows the same story because of the same reasons. Instead of using it like actual currency, it's being used as an investment to make more fiat money

Russell Harrower πŸŽ™οΈ

@jon I disagree, look at coins like Litecoin that normally floats around the $100AUD you say it’s unstable and to volatile here the last 5 years and here is the USD to AUD it’s more volatile and causes more stress to Australian businesses who get bills in USD.

Cryptocurrency is the future, even governments and Federal Reserves are saying that.

Wulfy

@jon

Not a big fan of what crypto has become.
But I was enthusiastic about it earlier.
(Not early enough)

Especially the prospect of #NFT enabling distributed property titles and regulating the scam that are the stock exchanges. eg: short selling used as a weapon to destroy businesses.

I almost feel like folks who assert #crypto is a scam, haven't really looked close enough what the #banksters are doing with the economy, which currently is the alternative.

Go back to trading cows and chickens I say.

@jon

Not a big fan of what crypto has become.
But I was enthusiastic about it earlier.
(Not early enough)

Especially the prospect of #NFT enabling distributed property titles and regulating the scam that are the stock exchanges. eg: short selling used as a weapon to destroy businesses.

I almost feel like folks who assert #crypto is a scam, haven't really looked close enough what the #banksters are doing with the economy, which currently is the alternative.

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