LogFAQs > #964977172

SergeantGander posted...

Sure, it isn't backed by the Fed. Great.

However, just like the internet was once an emerging technology, so is blockchain technology. Not every single cryptocurrency is revolutionary, pissiedogcoin2.0 isn't going to survive, but blockchain technology is. Today the integration of internet technology is way beyond what anyone would have imagined in 1995. Blockchain technology is here to stay and from within the herd of nonsense there will be some companies and teams that make it through. Companies that develop real world applications for this technology, like Amazon did with the internet, will be massive. Just because some stablecoins lost their peg doesn't mean blockchain tech is dead forever.

There were countless tech companies that died with the dotcom bubble bursting, but guess what we're still both sitting here talking to each other using THE INTERNET

I'm sorry, was there supposed to some kind of logical justification for why buying speculative fake money is apparently financial wisdom in that post?
Crypto isn't a company. Crypto isn't a stock. Crypto has no intrinsic value. Crypto is nothing. It's a speculation casino.

It's worthless as a currency. It has no function other than to be a speculative investment. And it's incredibly unstable.
Crypto Bros who keep comparing it to Amazon or Dotcom companies don't seem to understand that CRYPTO ISN'T A COMPANY. Companies make products. Have sales. Have a board of directors. Companies exist to MAKE money. Crypto exists because... it just does.