Concerning cryptocurrency: Back in the 1950s a leading Wall Street investor (we’d call him a Venture Capitalist today) remarked upon declining a proposal, “Some who have invested in this will make a pile of money; I will not be one of them. A lot of people who invest in it now will lose their shirts; I will not be one of them either.”
People also get duped about things they don’t understand. Some are reasonably legitimate; others little more than crypto-Ponzi schemes. Only criminals need untraceable transactions. Ransomware business would be next to impossible without it
What I don’t understand is why people actually believe there is any reality to the stuff. The only thing real about it is the tremendous waste of electricity to “create” it.
Ratkin Premium Member almost 3 years ago
No miners allowed.
Sanspareil almost 3 years ago
Blockchain is not funny, scary ? Yes!!
Alabama Al almost 3 years ago
Concerning cryptocurrency: Back in the 1950s a leading Wall Street investor (we’d call him a Venture Capitalist today) remarked upon declining a proposal, “Some who have invested in this will make a pile of money; I will not be one of them. A lot of people who invest in it now will lose their shirts; I will not be one of them either.”
Doug K almost 3 years ago
The one being “trick or treated” may not understand it, but does know that (to him) the mention of bitcoin is annoying.
Zeno2099 almost 3 years ago
Heh. That’s funny.
LawrenceS almost 3 years ago
A currency is only as strong as the government behind it…
LeftCoastKen Premium Member almost 3 years ago
If you’re trying to scare people, it worked! If you’re trying to score candy, you might want to rethink it.
Cactus-Pete almost 3 years ago
If he was cryptocurrency he’d be inivisible – and worthless.
mistercatworks almost 3 years ago
People also get duped about things they don’t understand. Some are reasonably legitimate; others little more than crypto-Ponzi schemes. Only criminals need untraceable transactions. Ransomware business would be next to impossible without it
geese28 almost 3 years ago
All I did is dress up as a giant ball with crown-like structures surrounding it. Why’s everyone running away from me?
schaefer jim almost 3 years ago
Darn right, I don’t know what bit currency is!
AndrewSihler almost 3 years ago
The fiend!
wiatr almost 3 years ago
What I don’t understand is why people actually believe there is any reality to the stuff. The only thing real about it is the tremendous waste of electricity to “create” it.
Andrew Bosch Premium Member almost 3 years ago
Cryptocurrency would be more trustworthy if the exchanges had decent cyber-security practices.