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Lurkin

2,100 Posts.

6

09/02/18

00:06

Post #: 30931348
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Originally posted by ziyou ↑

IMO crypto currency is an imaginmary currency created by individuals or organisations that exist outside normal realms of valuation, thereis nothing concrete to value against, fiat currency is valued against the assets and liabilities of a country and owned by the commonwealth of the country. the issue with crypto is to date it has largely made its creators wealthy and only because of the herd mentality pushing up its value. it should be used eventually as the means of transmitting data via the blockchain technology, in the meantime it appears to have a t/a appeal .
It is making its creators in some cases , very wealthy, hardly a community asset.

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Ok, i will tell my imaginary bank to not pay off my imaginary mortgage with my imaginary profits.
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