Current Events > Boomers just can't understand that cryptocurrency is the future.

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Pepys Monster
08/18/21 2:48:59 PM
#1:


Why are they so stubborn?

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mech dragon
08/18/21 2:51:33 PM
#2:


There is no future. Because climate change.

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#3
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#4
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DarkProto05
08/18/21 2:54:30 PM
#5:


Block Ape Scissors.

Thank me in a few months.

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NightingaleMD
08/18/21 3:00:50 PM
#6:


disagree

I invest in a lot of things. I've made far more money from stocks than crypto. Stocks I can at least generally predict. Buying every crypto in the hopes it takes off is like buying every stock for the same reason.

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bigblu89
08/18/21 3:03:38 PM
#7:


They don't understand because it most likely isn't.

And even if it is, they (and in reality us as well) will be long gone before crypto takes the place on actual government back currency.

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dj1200
08/18/21 3:03:50 PM
#8:


I've made far more in crypto than stocks. But I don't really understand stocks that much.

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R_Jackal
08/18/21 3:04:10 PM
#9:


Crypto is the right tech that came at the wrong time. As it is right now, it's just accelerating the doom of humanity even more while not really offering a solid upside aside from making the rich richer lol.
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Trumble
08/18/21 3:04:13 PM
#10:


Half the boomers can barely understand their own name; I'm not sure why this comes as a surprise.

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EndOfDiscOne
08/18/21 3:05:19 PM
#11:


NightingaleMD posted...
disagree

I invest in a lot of things. I've made far more money from stocks than crypto. Stocks I can at least generally predict. Buying every crypto in the hopes it takes off is like buying every stock for the same reason.
Don't buy shitcoins. Bitcoin and Ethereum are still early enough that you can reliably expect big long term gains.

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Pepys Monster
08/18/21 3:09:55 PM
#12:


Mr Hangman posted...
Cryptocurrency is very immature technology that needs decades of further development before it has any real shot at functioning as an actual currency.
How do you figure? Solana can already do 50,000 transactions per second.

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#13
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LightHawKnight
08/18/21 3:27:03 PM
#14:


Is this why so many idiots are falling for shit coins?

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bigblu89
08/18/21 3:40:56 PM
#15:


Pepys Monster posted...
How do you figure? Solana can already do 50,000 transactions per second.
I think he meant more in the sense of an entire country accepting it as they method of currency.

There's a difference between a few hundred places saying the "also" accept crypto, and most of them convert them to cash almost instantly, and crypto being a country's main form of currency.

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Joeydollaz
08/18/21 3:41:48 PM
#16:


Only coin that will survive is the one that starts with X


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#17
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Squall28
08/18/21 3:45:41 PM
#18:


What makes them the future?

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ROOTFayth
08/18/21 3:55:52 PM
#19:


it feels like it's here to stay, nobody can predict the future but for the past few years and likely the next few years it is by far the best vehicle to accumulate wealth
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R_Jackal
08/18/21 3:56:46 PM
#20:


Squall28 posted...
What makes them the future?
Digitization, mostly. Pretty much inevitable humanity will adopt something similar to crypto in the future. It's kinda fucking us right now tho.
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Damn_Underscore
08/18/21 3:57:26 PM
#21:


Crypto won't be the future as long as it mainly exists as an investment vehicle.

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Duncanwii
08/18/21 4:10:25 PM
#22:


mech dragon posted...
There is no future. Because climate change.

Well look who fell hard off the wrong side of the bed.
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Squall28
08/18/21 4:11:00 PM
#23:


R_Jackal posted...
Digitization, mostly. Pretty much inevitable humanity will adopt something similar to crypto in the future. It's kinda fucking us right now tho.

Isn't it already digitized though? Like 99% of my transactions are through a card

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EndOfDiscOne
08/18/21 4:20:47 PM
#24:


Squall28 posted...
Isn't it already digitized though? Like 99% of my transactions are through a card
This is the first time that an actual digital asset can be created. If you have a family member in a 3rd world country and you don't trust the banks or government, you can send money directly to them and bypass all of that. You can move large sums of money in seconds for very cheap.

Crypto cuts out the middle man, and if merchants accept it then they will save lots of money in credit card fees. Bitcoin is also the most secure monetary network in the world.

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#25
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Squall28
08/18/21 4:31:39 PM
#26:


EndOfDiscOne posted...
This is the first time that an actual digital asset can be created. If you have a family member in a 3rd world country and you don't trust the banks or government, you can send money directly to them and bypass all of that. You can move large sums of money in seconds for very cheap.

Crypto cuts out the middle man, and if merchants accept it then they will save lots of money in credit card fees. Bitcoin is also the most secure monetary network in the world.

I don't pay any fees for using a bank, and a trust a governed entity like a bank a hell of a lot more than some randoms online.

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EndOfDiscOne
08/18/21 4:38:47 PM
#27:


Squall28 posted...
I don't pay any fees for using a bank, and a trust a governed entity like a bank a hell of a lot more than some randoms online.
You don't pay fees; the merchant does. And prices are adjusted accordingly so that the seller can still turn a profit.

Regarding the trust thing, that's up to you whom you want to trust. I disagree because Bitcoin requires a whole lot of consensus to modify, and it's all visible to the public.

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Trumpo
08/18/21 4:38:58 PM
#28:


Proof of stake is greener
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mech dragon
08/18/21 10:21:20 PM
#29:


Duncanwii posted...
Well look who fell hard off the wrong side of the bed.
If you don't believe in climate change just say so

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SergeantGander
08/18/21 10:25:10 PM
#30:


Mr Hangman posted...
Cryptocurrency is very immature technology that needs decades of further development before it has any real shot at functioning as an actual currency.

True. Brb I'm quoting you in my AOL Instant messenger Buddy info

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