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Old 12-29-2024, 08:06 AM  
Huggles
GFY'S #1 retard
 
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Join Date: Feb 2003
Location: Kelowna
Posts: 10,541
How does BitCoin have any value?



I still don't get BitCoin or crypto, the whole thing seems like one giant scam. I know there are lots of people who got rich from it, and other memecoins, but what value does it actually have? Like how does crypto help human beings?

Just like with housing as an asset, why does it seem like housing and bitcoin are designed to be hoarded and designed to increase inequality?

I get how the USD has value, it is backed by the world's strongest military and the USA actually builds and creates advanced shit.... but crypto? What value does it actually have?

With how the Hawk Tuah and how Andrew Taint ripped people off their their memecoins, and countless others, it feels like crypto is just a new way to gamble and scam people. Feels like people are less interested in innovating or creating things, and instead, people are looking to "invest" money in some sort of scam, have it go to the moon, sell, and then claim they are brilliant entrepreneurs!

Maybe I'm just a retarded luddite but crypto makes 0 sense to me. Just seems like a massive scam. (even if some people got hugely rich from holding a digital money you can't really spend anywhere)
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