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Stephen Gould's avatar

There is a war against crypto with the EU trying to ban anonymous wallets and forcing people to use exchanges where they can be identified for 'tax' purposes. It's a war that will try to force us to use CBDCs. It's us versus the establishment and it's vital we don't lose this war, or mankind will be in chains forever. https://dontgetmestarted.substack.com/p/bitcoin-is-doomed-and-so-are-we?s=w

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Kelly Harbeson's avatar

From the beginning I have been skeptical of crypto currency. Despite the multitudes that told me that I just didn't understand how it works, I am not a total naif when it comes to using money to make money. It always seemed too much like a popularity contest. It seemed to me that the ONLY way for crypto to appreciate is if more people bought in, which implies that if investors start pulling out their funds to cover other losses, the value would drop. Exactly like stocks except that stocks have some intrinsic value, presumably. That at least one of the crypto currencies turned out to be nothing but a Ponzi scheme does not surprise me in the least. People that wish to hold wealth without holding physical assets in their own vaults are marks begging to be taken. Land is real. Precious metals are real. Crypto is not and never has been. Even more like "vaporware" than paper metals. If you can't hold it, live on it or fill your car trunk with it, it's not real.

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