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US Debt Implosion
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Comments by "US Debt Implosion" (@timcampbell2023) on "Why I Sold My Cryptocurrency" video.
Degrading the value of money is an affront to human dignity. I can't say Crypto is worse than fiat. When the government degrades our money, the degrade our time, our effort, our worth. This is a monumental travesty against human dignity
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its a tragic waste of energy and resources all for something people don't even use for commerce; NVIDIA is skyrocketing because they make all the GPU's that become obsolete mining equipment within a couple of years. That being said, knowing what I know now, I may buy in next time the blood is in the streets and will come back around and as long as fiat is being debased through socialist policies it's not hard to guess what it will do. The commies will have to ban it.
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@EconLessons Bitcoin is worthless if you do nothing with it, if no one ever trades it again, it's value drops to zero. It's a confidence trick, it's the illusion of an asset, it's an illusion of money - everything it's proponents claim it to be, is deception. This wave of dumb money will be burnt up by the whales, then their acolytes will have to go out and recruit the next generation. Problem is, you never know when it's the end. Ponzi schemes usually run out of suckers that will buy in, but this turns out to be a really good one
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