Billionaire Seth Klarman: I Can't See the Point of Crypto — Nobody Needs to Own It

submitted by Maria88800 from cryptocrash.club

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[–]Anman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

What is worse than fiat? Digital fiat that has no hard copy. What is worse than digital fiat? A digital fiat that only has any use if other people are interested in using it. What exactly is the purpose of a subscription only digital fiat? To buy and sell it as a commodity to make money in another fiat.

[–]RandumbZer0 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Hard drives fail & asshats control the power grid, who wants to put their finances in any format with such obvious weaknesses?