@MeanwhileinCanada
I honestly dont understand why people invest in it anymore...

@royalquack @MeanwhileinCanada Speculate, not invest. An investment is something you buy that you expect will be productive, and that you can profit from the product. Speculation is buying an asset that you believe will increase in value.

Building a factory, buying a farm, buying shares of a company are investments.

Buying gold, baseball cards, or beanie babies are speculations.

@birwin @MeanwhileinCanada doesn’t really matter. But thanks.
@royalquack @MeanwhileinCanada I know it’s pedantic. I only mention it because I think when we call speculation investing, it makes it sound like a better idea than it really is.
@MeanwhileinCanada it is easy to make a small fortune. You just start with a large fortune.
@MeanwhileinCanada So crypto is like opening a restaurant. Got it.
@MeanwhileinCanada LOL, but also true at core.. Oligarch types and the GOP subgroup especially are hatching all sorts of "processes" to get your money and with no protections.. want consumer protections ahead and more good too. then Work for DEM WINS AHEAD !
@MeanwhileinCanada I'd settle for not getting gouged 3% by visa (7% in developing countries)
@MeanwhileinCanada πŸ˜†yep, that's about the size of it.

@MeanwhileinCanada

Reporter to man who won lottery: "So, what are you going to do with all your winnings?"

Man who won the lottery: "Invest crypto until it's gone."

@MeanwhileinCanada It's sad to me that a reasonably good idea of decentralizing payments turned into a gold-fever for so many stupid people.
@MeanwhileinCanada
So we need to build more crypto shit. It's easier to build that shit than proper guillotines.