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| Topic | The crypto bubble popped |
| DarkRoast 05/13/22 12:35:29 PM #255: | EndOfDiscOne posted... Asset is an accounting term, and intangible assets have been a thing since long before crypto has been around. Cryptocurrency literally is an asset. It's no more an asset than your chips on Red at a roulette table is an asset. At any moment it can become completely worthless. Stablecoins have failed. At one time, the FDIC didn't insure bank accounts. When the first bank collapsed and couldn't give the money back to people who had accounts, it sparked a mad bank rush because nobody trusted banks. Stablecoins were supposed to be the financial security that Crypto investors needed to keep the faith in the stability of the system. That faith is gone. https://gamefaqs.gamespot.com/a/user_image/2/6/6/AAeEwGAADOm6.jpg --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. ... Copied to Clipboard! |
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