How Crypto-Currency is Bullspit Part 1.

[King Khufu]

I thought about how stupid crypto-currency is cos
if hackers robbed the main servers and crashed them
Corrupted most bit coin ATM's to render useless value
I mean the whole shit could crash and it just be fluff
That why is has to be "mined" with it "invested into"
Otherwise it's just a waste of code for prices.
The only smart thing to anyone this far is to
Exchange it for paper money right away asap because
shit will be useless in the future if it's cracked n hacked
it just doesn't seem like a real thing it seems more like a internet-fad
"here give me real crap loads of money for digital promises that would give you crap loads of money if the crap shoot hits pool before shit hits the fan. sayanora suckers" type of deal. so I said f*ck that.
I would rather have a money plenished society filled with resource
Than another useless "potential made up internet currency."
Yeah people buy it and invest it (or steal it, clone it, launder it, code inject made up ones even.)
It's just to me never going to be a real thing. It's a useless currency.
To people without it, how will they pay for everything where cash is still king?
It all needs to be thought very more well cos it's not going to last.
good talk, some mind boggling shit I thought through right?

 

[TheManWhoIsAlive]

I thought about how stupid crypto-currency is cos
if hackers robbed the main servers and crashed them
Corrupted most bit coin ATM's to render useless value
I mean the whole shit could crash and it just be fluff
That why is has to be "mined" with it "invested into"
Otherwise it's just a waste of code for prices.
The only smart thing to anyone this far is to
Exchange it for paper money right away asap because
shit will be useless in the future if it's cracked n hacked
it just doesn't seem like a real thing it seems more like a internet-fad
"here give me real crap loads of money for digital promises that would give you crap loads of money if the crap shoot hits pool before shit hits the fan. sayanora suckers" type of deal. so I said f*ck that.
I would rather have a money plenished society filled with resource
Than another useless "potential made up internet currency."
Yeah people buy it and invest it (or steal it, clone it, launder it, code inject made up ones even.)
It's just to me never going to be a real thing. It's a useless currency.
To people without it, how will they pay for everything where cash is still king?
It all needs to be thought very more well cos it's not going to last.
good talk, some mind boggling shit I thought through right?

You're right about cryptocurrency exchanges being vulnerable, but the blockchains are by design, very difficult to hack into, because everyone has a ledger that shows the introduction of different exchanges or the creation of new cryptocurrencies.

Cryptocurrency isn't gonna replace cash anytime soon. In fact, CBDCs (central bank digital currencies) will probably replace our current financial system.

Cryptocurrencies will be useful depending on the utility the Blockchain it's connected to can provide for society in the future.

If it's just cash, the powers that be will not let it be big (ex. Monero will not be big unfortunately). Bitcoin is essentially an experiment of sorts.

I invested in XRP myself. I don't believe like many do that it'll go insanely high, but the projects connected to the Blockchain by the company Ripple are doing pretty well and I can see the value of the cryptocurrency going higher in the future.

Essentially you just need to understand what the Blockchain project's purpose is, and then you need to determine if it'll realistically bear fruit in the future. Most cryptocurrencies don't fit the bill here unfortunately.

A good way to look at this is to compare it to the Dot Com Bubble. Many thought the internet was bullshit when it happened. Then, internet based companies blew up. The value was always there. You just need to comprehend it and see if it'll bear fruit. That's the whole point of investing.