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by LeafGuild
1317 days ago
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Are you actually comparing a billionaire CEO who's very obviously trying to use Twitter to pump and dump his investment, to a writer selling a book at a normal price for books? I'm not selling any books, and I'll tell you that all of crypto is a giant fraud. The technology is fundamentally useless and the economics are just ponzi scams on top of ponzi scams. There's no reason to try to "both sides" this. All crypto is a negative sum game by design, where the HODLers are expected to absorb all losses while the miners take a cut in fees. It's mathematically impossible for it to be a good investment. There's zero possibilities there. None. This isn't a new thing I'm saying either. We already tried the "print your own money" idea during the free banking era in the 1800s, we've known for that long it's a terrible idea that doesn't work. |
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There is no comparison. Both are totally extreme in their rhetoric and using that as engagement farming for their grift. Either publicly promoting a cryptocurrency or rushing a badly written book without disclosing a conflict of interest after the author's failed blockchain company shutdown which he has been hiding from everyone since the company was killed by blockchains like Ethereum, and Cardano.
> There's no reason to try to "both sides" this.
There is no point in you trying to be absolutist on any extreme side. Either way, both sides will compromise on their delusional ideas; both crypto maxis and skeptics. Only some blockchains are here to stay and the others won't be around.
> There's zero possibilities there. None. This isn't a new thing I'm saying either. We already tried the "print your own money" idea during the free banking era in the 1800s, we've known for that long it's a terrible idea that doesn't work.
The whole of crypto would already have been 100% and totally banned, everywhere a long time ago and the regulators already know that it is unrealistic and extremely difficult to ban and stop all of it. China has tried it, yet crypto is still there despite the 'ban'.
Crypto isn't going anywhere and you know it but refuse to admit it. Not all of them will survive and even the author of that book once admitted that.