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Crypto firms say thousands of digital currencies will collapse, compare market to early dotcom days


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9 minutes ago, SkisNH said:

Did you read the article? 

"Scores of cryptos will survive" 19000 cryptos vs 180 fiat currencies...they need to thin the heard. 

Oh I read it. it’s a huge Ponzi scam.

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Everyone in crypto knows this. Only the top projects will survive. Anyone remember the dot.com bubble? This is web3.0, you pick the right one and you will be rich. 

Edited by Anler
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9 minutes ago, Anler said:

Everyone in crypto knows this. Only the top projects will survive. Anyone remember the dot.com bubble? This is web3.0, you pick the right one and you will be rich. 

Maybe.

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24 minutes ago, spin_dry said:

$2 trillion loss of make believe money. 

Just fake print some more!!!!

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3 hours ago, Anler said:

You do know the US govt is making a digital dollar that will be Blockchain, right? Aka "crypto"

If the us government backs it fine. If not it’s the same as the others…..a crap shoot.

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6 hours ago, Mainecat said:

If the us government backs it fine. If not it’s the same as the others…..a crap shoot.

The US government is worthless and hostile to the proletariat. Fuck them and fuck you. 

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We are taught in Economics 101 that growth in money supply will cause inflation. After 2010, growth picked up and I couldn't understand why inflation stayed as low as it did. But now look at what is happening. It is not Ukraine/Russia/Putin causing our inflation. It is run away economic policy by the current administration.
 
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3 hours ago, Badger** said:
 
We are taught in Economics 101 that growth in money supply will cause inflation. After 2010, growth picked up and I couldn't understand why inflation stayed as low as it did. But now look at what is happening. It is not Ukraine/Russia/Putin causing our inflation. It is run away economic policy by the current administration.
 

That was obviously written in around fall of 2020

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