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CynicallyOptimistic @cautiousoptimistic.bsky.social

Crypto currency has no intrinsic value. It's a Ponzi scheme set up to hide and launder money. No wonder Trump loves it.

jul 17, 2025, 11:00 pm • 3 1

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hikeitup.bsky.social @hikeitup.bsky.social

But what intrinsic value is in fiat currency? It's worth what people say it's worth. What you get for a dollar in the U.S. is different than a dollar in other places. And there's actually less fraud in crypto than fiat currency. LOTS of major companies accept it now. It's not going away.

jul 17, 2025, 11:14 pm • 0 0 • view
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elgrb.bsky.social @elgrb.bsky.social

Fiat has their own cryptocurrency?

jul 17, 2025, 11:22 pm • 0 0 • view
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hikeitup.bsky.social @hikeitup.bsky.social

Yeah. But it breaks down a lot. 👍

jul 17, 2025, 11:34 pm • 1 0 • view
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imbernoctis.bsky.social @imbernoctis.bsky.social

Might as well call the US the tulip bulb capitol of the world.

jul 18, 2025, 3:12 pm • 1 0 • view
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CynicallyOptimistic @cautiousoptimistic.bsky.social

Good analogy.

jul 18, 2025, 3:25 pm • 0 0 • view
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OZ the Wise @ozthewise.bsky.social

Once banks and financial institutions get tangled up with it, the coming crypto crash (see also, FTX) will impact everyone whether they own crypto or not. Crypto currencies are the new subprime mortgages.

jul 18, 2025, 5:38 am • 1 0 • view