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Comments by "Technolus" (@technolus5742) on "The Ethereum Merge: Why Crypto World Is So Excited | WSJ Tech News Briefing" video.
And yet that's exactly how it's been working all this time. It's been increasing in value AND still being spent.
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Those who are already rich don't usually gamble significant amounts on long shots. It's mostly technology savvy people and those who having little are risking their savings in hopes of high gains over an uncertain outcome. Contrary to the rich being the most interested in this, it has been poorer populations that have been more willing to use this currency when their country's currency is too unreliable. And one of its potential use cases is supposed to be providing financial services to the impoverished. In sum there's there's lot more than just money replacements, there's a whole host of services being developed. Also
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That is purelly false. There are scams performed with recourse to crypto. Crypto itself is an actual technology. Moreover a fully open and transparent technology.
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@madhavyu crypto is a real technology, whether you find it useful or not doesn't make it a scam.
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@madhavyu But crypto have kept their value for over a decade. Doesn't look at all like a pump and dump, it looks like a value that has been sustainable and companies have thrived around it.
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@madhavyu Pump and dump is a fraud. Bubbles are an organic market behavior. Saying crypto is a pump and dump is just false, saying the prices are too high for what it's worth is possibly a valid opinion (though historycally the price has been sustainable).
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@madhavyu A crime is mutually exclude with not being a crime. Cryptic is not a crime. It is not a pump and dump.
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SCAM ALERT
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That's just wrong. People been spelling doom for ages and yet it's business as usual.
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It's cause it's not a scam. You can say it won't succeed for a variety of reasons, but to say that it's a scam is patently false.
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With all the art heists and scams why would anybody buy a painting? With all the heists and scams why would anyone buy a ring? I mean you can say that about anything. The fact is that heists and scams aren't that significant and mostly affects those who are extremely inexperienced - unlike most other heists.
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They can only upgrade your money like this because most people want it. In other words this requires a consensus.
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@kalui96 what you on about? Nobody forces anybody to update. Nobody forces anybody to participate. You can even create your own currency. So what you on about?
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@kalui96 That is patently false. Besides, you complain about everything. But everyone is free to use crypto however they see fit. When it comes to freedom there's no limitations there. Nobody cares if your ok with the creation of coins. Its anyone's freedom to do so for as long as they don't impose on you. But you go aboit shouting tyranny and then wanting to put limits on what others can and cannot create. Can't have it both ways.
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