A little rant.
When we take the time to think a little, questions arise:
- What is the limit of crypto?
- Can we really create cryptos infinitely?
Is it possible to create 60 million different coins and set them random values in currency?
Value based on wind in most cases or on random projects.
In all countries of the world, making counterfeit money is punishable by law.
So let's ask ourselves the right questions:
- Where is all this money that is supposed to guarantee the value of all these cryptos? In our pockets? There are more holes in our pockets than money.
- Who sets their value? Neither you nor me, so who? A bunch of geeks or a gathering of financiers?
- Who is going to buy this huge pile of coins at a high price? What will happen when 100 million people want to sell crypto at the highest price without finding buyers?
This is the Ponzzi pyramid. The 1929 crisis or the subprime crisis will be jokes in comparison.
We become cogs in an infernal machine that distributes false hopes and - for most of us - impoverishes us inexorably.
We lose 1,$ here, 5,$ there, 10,$ elsewhere... and it continues month after month. We win 2 $ with this coin we lose $6 again... and we are always told: patience, the big day is soon...
We dream of wealth while, for most of us, we have trouble ending the month without an overdraft.
I know it, you know it too and yet we all continue to believe in it, me first since I am still here.
.And yet I am not going to leave. You will have to put up with me again. I am addicted but I am lucid, betting on crypto is like playing the lottery.
Let's play since we must but let's not be fooled. While waiting for the collapse or - in the best case scenario - real regulation...
When we take the time to think a little, questions arise:
- What is the limit of crypto?
- Can we really create cryptos infinitely?
Is it possible to create 60 million different coins and set them random values in currency?
Value based on wind in most cases or on random projects.
In all countries of the world, making counterfeit money is punishable by law.
So let's ask ourselves the right questions:
- Where is all this money that is supposed to guarantee the value of all these cryptos? In our pockets? There are more holes in our pockets than money.
- Who sets their value? Neither you nor me, so who? A bunch of geeks or a gathering of financiers?
- Who is going to buy this huge pile of coins at a high price? What will happen when 100 million people want to sell crypto at the highest price without finding buyers?
This is the Ponzzi pyramid. The 1929 crisis or the subprime crisis will be jokes in comparison.
We become cogs in an infernal machine that distributes false hopes and - for most of us - impoverishes us inexorably.
We lose 1,$ here, 5,$ there, 10,$ elsewhere... and it continues month after month. We win 2 $ with this coin we lose $6 again... and we are always told: patience, the big day is soon...
We dream of wealth while, for most of us, we have trouble ending the month without an overdraft.
I know it, you know it too and yet we all continue to believe in it, me first since I am still here.
.And yet I am not going to leave. You will have to put up with me again. I am addicted but I am lucid, betting on crypto is like playing the lottery.
Let's play since we must but let's not be fooled. While waiting for the collapse or - in the best case scenario - real regulation...