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Metaphorical

(2,357 posts)
5. Pikers
Sat Jul 27, 2024, 07:58 PM
Jul 2024

What I don't understand about the bitcoin mindset (and I've been writing about it for years now) is that if it really had value, the banks would already be developing ICO funds of their own. Most of them explored it about five years ago when blockchain and decentralized finance interest was as bad as AI hype was last year, and they passed on it, because they understood a basic truth - if BC and other currencies was actually adopted by the government, it would not be from an existing blockchain currency but from one that the Feds controlled, making just about every other ICO worthless overnight. What's worse, such a currency wouldn't be volatile, which is where most of these conmen make their money - from the extreme swings that the currencies make.

Too many tech bros who are extremely well-educated, entitled idiots.

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