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What is the point of crypto
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Anonymous 3d

An alternative banking system. Money is just something we put mutual value in, crypto is no different.

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Anonymous 3d

Decentralized money

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Anonymous 3d

It's just a pyramid scheme

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Anonymous 2d

Decentralized, bottom-up banking

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Anonymous replying to -> #1 3d

And a way for people like trump to accept illegal funds

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Anonymous replying to -> #2 3d

I guess but isn’t the whole point of centralized money so the government can change interest etc. in order to benefit the general population

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Anonymous replying to -> #2 2d

the entire point of money is that it’s centralized and a relatively stable store of value. I don’t want the bills in my pocket to be worth half as much in the evening as they were when I woke up because the currency had a bad day. What crypto really is, and the much more fun way of thinking about it anyways, is gambling tokens for tech bros

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Anonymous replying to -> #3 2d

Right, except the part where crypto fluctuates in value the more people are trading it, like a stock, which dollars in bank accounts do not do. When I stick my paycheck in my bank account, I know that as long as inflation stays below my bank’s interest rate, my money’s not gonna be worth a fraction of itself a year later. There is no such guarantee with “decentralized” crypto, because there is no central body with a vested interest in keeping the value steady.

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Anonymous replying to -> cheese_of_the_world_unite 2d

This is why stable coins were introduced.

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Anonymous replying to -> #3 2d

Crypto is much more akin to market speculation than it is consumer banking

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Anonymous replying to -> #3 2d

brother I’ve already got stable coins, they’re called quarters, nickels, and dimes

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