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Hey Nerds: Blockchain

Preston said:
Nothing about the last two years was sustainable. Had the best years of my life so I had to pocket as much as possible. Worst feeling in the world is giving that shit back. Granted, it's not like I sold at the exact top. Not even close really. That wasn't the goal tho.
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Rule #1 make money.......well done
 
Bitcoin is a legit store of value, and considering how unsound most countries money is, a good hedge against inflation. But most of these alt coins and NFTs in general are just scams.
 
Well...its a good store of value because the ponzi scheme has acquired enough gravity to self sustain. Not because its fundamentally different than shitcoins.
 
MindzEye said:
Well...its a good store of value because the ponzi scheme has acquired enough gravity to self sustain. Not because its fundamentally different than shitcoins.
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What sets Bitcoin aside is it is POW, rather than POS like the shitcoins. That is the fundamental difference.
 
Having recently gone deep into the NFT space, there are a lot of projects out there that are just looking to take your money.

And then there are handies.

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Oh, wait (worth it though).
 
A bunch of coins are proof of work. The "work" doesn't actually provide any real world utility (quite the opposite really, the work is expensive and resource intensive) The work engineers scarcity, which helps create the illusion of value, yeah.
 
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