LogFAQs > #964977367

DarkRoast posted...

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.

Once again, great detective work. Crypto isn't a company.

However, there are in fact companies that are integrating crypto into their projects. Brave for example is a company that has developed a internet browser to help prevent online advertisement fraud and protect user's privacy. Their browser has 10s of millions of monthly users. They have a board of directors. Their CEO is Brendan Eich, if you have ever heard of JavaScript or Mozilla Firefox you would be familiar with some his work.

But yea their token just *exists*

You seem to be misunderstanding that not all cryptocurrencies are one in the same. Just like Google and Amazon aren't the same company just because they both deal with Tech.