Eegore wrote on 11/03/23 at 13:17:05:


And it goes On and On and On and On  ...

I guess, no information to be gathered from all the reading/statements/sites/articles, about Crypto currency.
And it is a totally real thing, which one can buy a gallon of milk with, or a house in Carefree AZ.


https://cryptocurrencyfacts.com/how-is-cryptocurrency-created/

Cryptocurrency is software. Every function, from how transactions are recorded to how data is stored, is dictated by code.
Especially for cryptocurrencies whose main function is to act as money,
What we think of as cryptocurrency, for example 1 Bitcoin, is just numbers recorded on a cryptocurrency’s blockchain. Another word for that stand-in for value is “token” (often also called a “coin”).
Lastly, the code for almost all cryptocurrencies is public, so anyone can check how coins are created.

https://www.investopedia.com/how-to-make-a-cryptocurrency-5215343
How to Make a Cryptocurrency
If you want to create a cryptocurrency, you have a few different options.
Anyone can create a cryptocurrency,
Making a cryptocurrency is the easy part. Maintaining and growing it over time is usually more challenging.
You can make your own cryptocurrency. Usually creating a new coin or token requires some computer coding expertise, but you also can choose to hire a blockchain developer to create a digital currency for you. Launching a token on an existing blockchain platform like Ethereum can be accomplished with relatively little technical expertise.

https://www.fool.com/investing/stock-market/market-sectors/financials/cryptoc...

There are more than 23,000 cryptocurrencies, according to CoinMarketCap. That's a far cry from a decade ago, when there were just seven.

https://www.statista.com/statistics/863917/number-crypto-coins-tokens/

there were over 9,000 as of 2023, although there were many more digital coins in the early months of 2022. Note, however, that a large portion of cryptocurrencies might not be that significant. There are other estimates of roughly 20,000
Due to how open the creation process of a cryptocurrency is, it is relatively easy to make one. Indeed, the top 20 cryptocurrencies make up nearly 90 percent of the total market.
A league table of the 120 cryptocurrencies with the highest market cap reveals how diverse each crypto is and potentially how much risk is involved when investing in one. Bitcoin (BTC), for instance, had a so-called "high cap" - a market cap worth more than 10 billion U.S. dollars - indicating this crypto project has a certain track record or, at the very least, is considered a major in the cryptocurrency space. Interestingly, Bitcoin is one of the (very) few coins listed as "store of value", or crypto designed to hold or even increase purchasing power over time. Simply put: Bitcoin somewhat functions like a digital gold but has limited functionality or applications elsewhere.

     So glad I am now, ‘educated’ on Cripto'

Can you answer this question ?
""Why are Diamonds, held, and traded in a very, Very, VERY, tight, controlled, and structured environment ?""

(Asked 3 times now)

 

I guess, no information to be gathered from all the reading/statements/sites/articles, about Crypto currency.
And it is a totally real thing, which one can buy a gallon of milk with, or a house in Carefree AZ.


 Yes crypto currency is real and you can use it to buy things, just like you can use gold.  Go ahead and go buy a gallon of milk with some gold.

 The issue is crypto is not a scam just because you don't like how it is entered into the market.  Not all crypto is valuable, or reliably useable, just like not all money on the planet is universally valuable or useable.  If I were complaining about fools gold, fake gold plating, and gold-holding scams to show gold in itself is a "scam" that would be ridiculous right?  That's what is going on here with crypto.  

 People can use crypto to scam people.  I got a letter with a scam on it.  Are letters a scam?  



Can you answer this question ?
"Why are Diamonds, held, and traded in a very, Very, VERY, tight, controlled, and structured environment ?"


 No.  Diamonds aren't even close to the same commodity.

 Can you answer any of the ones I asked of you?

I have,
just that you did not understand them,
or like them.
Simply no reason to go on.

 I can see no answers for the following:

I was called over a phone and they tried to scam me.  Are phones a scam?
I was emailed by a scammer, is email a scam?
Guns are used in crime, are guns for criminals?  
I got a letter with a scam on it.  Are letters a scam?  

 Crypto is not in itself a scam, but people can use it to scam people.  Millions of people use crypto daily with no problems.


Let's see, anyone, that is ANY ONE, can "MAKE" Crypto.

 But not anyone can put crypto into SEC regulated exchanges.  It's like saying anyone can sell guns at a gun show anonymously.


Just like Anyone can Mine, Diamonds/Gold/Silver etc.
Difference is, one is real, and one is, MADE.
(What was that guys name that tried to make Gold out of Lead ?)


 So you don't think things that are "MADE" are real?  A dollar bill is "MADE" and it seems to work just fine as "REAL" currency.  Crypto has been used for over a decade as money, how can it not be REAL?


"You have money in Crypto, you trade it/use it, money can be made.
Difference you NEVER have any proof of the, Anybody Can MAKE, 'money'.
So the people that held ALL that real money can say in a second,"

 This isn't even close to being true.  You do have proof, that's how blockchain works.

 This is an example of a gun-control person believing anything bad about guns because its scary to them and not educating themselves.  Then arguing with gun owners that have used guns for over a decade about how dangerous a guns are, how many loopholes there are, how they are untraceable etc., etc.

 I guess crypto is another one of those topics where someone can read about it and know more than all those people that actually use it.

Not relevant to the topic. Nor did I ever say they were.

 The relevance is that you are referencing Ponzi schemes and other scams.  Crypto in itself is not a scam, its that people use crypto to scam.  Like email.  So if email isn't a scam because scammers use it, why is crypto?


Don't know, never have done it.
Sure does look like it can with the Billions of, "Missing" Crypto

 I have.  You can't use any random nonsense crypto equally.  What happened with Bankman for instance is not because of crypto exclusively, he could have done this with any exchange based medium, even cash, gold or diamonds.  


Granted it was first made to exchange for gold/silver.
Yet it still has more behind it.

 And it can no longer be exchanged for bullion because that system can no longer meet today's monetary standards by a long shot.   There is more security in government backed currency, thus the tradeoff between non-centralized currency and centralized currency.  Both however are REAL.
 


OK, no one has ever, 'faked', 'blockchain'.

 Nobody has ever made fake gold or paper currency.  See how that sounds?  Blockchain is considerably more advanced and harder to replicate than any physical component used for modern currency.  There was a time when PayPal was a "scam" and would end money as we know it.  Now it's commonplace even though its not perfect and people can be scammed or use it criminally.  Crypto is no different, it has advantages and disadvantages, lack of education about it does not make it a scam.


So you are now saying,
that all the information,
from all the sources,
from all the venues,
saying guns are bad,
are NOT true ?

 As much as you are saying email is a scam.  

What the words I actually used mean, is that this discussion is no different than a human that reads about guns online that never even handled a gun, trying to tell a gun user for over a decade how bad guns are.  


 I thought crypto was nonsense too, but once I educated myself, and used it, I found out how it has advantages, and disadvantages.  What I did not do is decide before educating myself and trying it, that it was a scam and was not real.

 I definitely did not buy into the whole "certain people" can just say it no longer exists and you lose everything nonsense.

So again, not a problem to defend Crypto, saying my opinion is wrong.


 Your opinion for the most part regarding risk types are right.  The technical components of crypto risks are wrong such as how blockchain works, that crypto can anonymously be "MADE" and eliminated and that crypto in itself is just a scam.  It's used in scams, but also used by millions per-hour every day normally and has been for over 10 years.  On the other side though, many will devalue to zero.

 I was sent a scam by email, is email a scam?

 Gold is used in scams too, but nobody is going to haul around gold to go by milk so it's less likely we will be exposed to that.  The bank seizures and bank runs in CA can't happen with crypto since it's decentralized, but on the flip side it's remarkably less stable.  


I will continue to defend
Gun Ownership/use,
     stating
the FACT it is a RIGHT !
Of this FREE Country.

 Great.  You have asked about other humans, besides humans on this forum, that use uneducated opinions, because they don't actually use guns, only saying what they are TOLD to say about guns, often times with claims that are false.   This conversation is an example of that.  A human with zero real world experience using the internet, and inaccurate information, to argue how bad crypto is with a human that regularly uses crypto after doing about 3 years of dedicated research and financial experimentation with it.

Serowbot wrote on 11/04/23 at 13:20:41:

Totally irrelevant.

Especially from someone who had Said,
they have a (GASP GUN)
Yet will NOT tell anybody if they 'sold/gave/destroyed' that gun.
While implying in MANY posts, NO ONE should have a gun.

Yet will NOT tell anybody if they 'sold/gave/destroyed' that gun.
While implying in MANY posts, NO ONE should have a gun.

 It would have to be implied since there is no actual reference of that statement.