Comments by "John Burns" (@johnburns4017) on "Whatever else is claimed about it, crypto is not a currency" video.

  1. Most people do not understand what crypto is.They ask: 1) What is it? 2) What does it do? 3) How can I benefit from it? 4) How can I join? 5) Where is it? 6) How does it work for me on an everyday basis? Most view it as a ponzi scheme, that will leave many broke and a few walking off with most.
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  2. It is not a currency for sure. So is it another method of fast payment between two parties doing business eliminating banks
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  3.  @helenheenan3447  The housing/land market is a ponzi scheme, but most cannot see that either.
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  4. . The housing/land market is a clever ponzi scheme, but most cannot see that either. .
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  5. Good analogy.
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  6.  @helenheenan3447  Store of value. I pay for beer via my smart phone using computer bits. Money was put into my account to pay for it via computer bits. My "money" is stored in computer bits. In all that storage and process there was nothing tangible.
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  7.  @finchbevdale2069  Old master paintings are used a store of value, as are classic cars.
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