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by RC_ITR 1304 days ago
I'm not sure what point you're trying to make by showing me they held $2bn of Solana in Nov-22 (itself, like all crypto, a made up and useless/worthless thing) that was worth $10bn in Nov-21.

Like sure, to make themselves feel better when they stared at Excel, they minted FTT to fill the gap, but so what?

To your point, just because I mint 1bn coins and sell one to my roommate for $1, it doesn't actually change the fact that I lost $700mn on $TSLA (the true problem).

EDIT: Maybe to make my point more clear - the one good thing about finance is that if I sell a Orange juice futures contract, I need to get the oranges from somewhere, or I can go to jail.

Crypto's innovation is eliminating the need for oranges, but turns out that's not an innovation at all

1 comments

> (itself, like all crypto, a made up and useless/worthless thing)

oh... I see what's happening here. Good luck on your crusade.

Ignoring all the other points then are we?

And please share crypto's use-case with me. I'd love to be the first to find one.