Crypto; The New Confederate Buck$!!!

[Phoenix68]

.

.​

"The Confederate States dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy. It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence. As the Civil War progressed and victory for the South seemed less and less likely, its value declined. After the Confederacy's defeat, its money had no value, and individuals and banks lost large sums."

.
.
"While Trump has the cash, Sun's tokens are effectively worthless."
.​

 

[Gabriel_Bell]

It is PROBABLY possible that money invested in Bitcoin today and redeemed in a couple of months might be quite rewarding. It has Bitcoin has increased 40% since the election. But Bitcoin is backed by nothing, and there have been many scams involved. Investing in Bitcoin does not cause anyone to produce any products, provide any service, or give anyone a job.

 

[Phoenix68]

.
December 6, 2024
.​

"Any amount spent by the crypto industry on legal defense or influence peddling pales in comparison to the savings lost by crypto investors to frauds and failures."

.​

 

[Phoenix68]

.

.
TEENAGER PUNK$ CRYPTO GAMBLER$!!!!!
December 7, 2024
.​

"After dumping Gen Z Quant, Biesk’s son did the same thing with two more coins—one called im sorry and another called my dog lucy—bringing his takings for the evening to more than $50,000.

On December 1, after a two-week hiatus, Biesk’s son returned to Pump.Fun to launch five new memecoins, apparently undeterred by the abuse. Disregarding the warnings built into the very names of some of the new coins—one was named test and another dontbuy—people bought in. Biesk’s son made another $5,000."

.

.

.​

 

[Phoenix68]

.
Crypto Is For CRIMING!!!!
December 16, 2024
.​

"What’s going on here? Elon Musk, Marc Andreesen and others claim that there’s a deep state conspiracy to undermine crypto, because of course they do. But the real reason banks don’t want to be financially connected to crypto is that they believe, with good reason, that to the extent that cryptocurrencies are used for anything besides speculation, much of that activity is criminal — and they don’t want to be accused of acting as accessories."

.​

 

[Gabriel_Bell]

If you think investing in crypto is a good idea, then by all means, do it. But the volatility is huge, like investing in Canadian mines that are still producing nothing. If you want advice for a better investment, I would say, WalMart. WalMart stock was up 117% for the year. That's better than double your money.

WalMart~ ticker symbol WMT.

 

[Phoenix68]

.

.
IT'S TIME TO PICK YOUR OWN, PERSONAL TITANIC!!!!
.​

 

[the annoying thing]

.
View attachment 18181
.​

"The Confederate States dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy. It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence. As the Civil War progressed and victory for the South seemed less and less likely, its value declined. After the Confederacy's defeat, its money had no value, and individuals and banks lost large sums."

.
.
"While Trump has the cash, Sun's tokens are effectively worthless."
.​

what are you talking about

 

[Gabriel_Bell]

what are you talking about

It's pretty clear what he is referring to. Was Confederate money ever in any way comparable to any crypto currency? No.
Crypto is "mined" ie created by symbolic yet unproductive operation of computers which essentially waste energy in their creation. Confederate money was never backed by anything.

It was disastrous to deal in Confederate money at every moment that the Confederate state existed. Some Crypto has been disastrous to some investors, but profitable to others.