Convince me that crypto isn't a fucking scam

Honestly, this board should be renamed /crypto/. You're all fucking shills for this YOLO shit. What makes you think the Jews will ever allow this to be more than monopoly money? Crypto is just a shittier version of penny stocks, but at least with penny stocks there's fundamental aspects that the company can be evaluated on. Crypto has nothing to do with business or finance, it's strictly fucking gambling based on absolutely nothing. Change my mind.

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Buy chainlink.

On what basis?

You're right for the most part. Sick gainz is the bait. It's really about divesting from the fractional reserve scam. The price action is an incentive to adopt it. The higher it goes, the more you pay in opportunity costs for not adopting it.

Fractional reserve banking was always a shell game. Plebs would lend their gold to a bank for a return on interest. You could technically withdraw all of your gold. But not practically.

If enough plebs tried to withdraw in the full amount at once, you'd get a bank note for your gold that you could retrieve on the other side of the continent. You could get on your horse, travel through bandit country and maybe a warzone, maybe lose a horse or family member along the way, just to get where the reserves were held. Or you can play along and spend the IOU, like every thing's fine.

After the industrial revolution, travel became easier, but feeding the ponzi became a bit more difficult. Every nation that had a gold backed currency failed in less than a century. America even started banning the possession of gold bullion and confiscating it to keep the scam going.

Thank god the sham finally came to an end. Sure, 1 GBP is worth chicken tenders on the kids menu, not a pound of sterling silver. But now that we can admit we have a problem, we can at least hedge with precious metals. Unfortunately precious metals can't be transmitted digitally. That's the one thing the economy can't function without anymore.

Bitcoin was invented to be a p2p digital currency. 1 BTC=1 BTC, no ifs ands or buts. 1 USD=1 empty promise.

This guy doesn't buy stock. I buy stocks and can tell you most are scams. You have to trust the company to stop printing stock. CEO's use stock like their piggy banks. Tons of crypto are scams too. Like XRP, it's used as Ripple's piggy bank. The release it when they need to pay bills. Buy bitcoin because it's rare. Stocks and bonds are counterfeited, never trust an exchange unless you have to. With bitcoin i don't have to.
Stock market fundamentals are changing and everyone's looking for growth now. I guess it comes down who you trust more Bezos or satoshi, Board of directors or internet geek startup.

The beauty of crypto is that IT CANNOT BE STOPPED. Lmao get fucked no-coiner.

How can it not? All that has to happen is the central banks lobbying to make it illegal under the guise of something something China currency manipulation/money laundering and then what do you do when all the crypto brokers are taken down? I'm sure you're going to say something about the dark web, but what's the fucking point if you're internet bucks aren't accepted anywhere? I'm sure some form of crypto/cashless currency will exist someday, but a government-sanctioned one that the federal reserve can control inflation of. The reason crypto in its current state will never exist is due to the fact of volatility. No one in their right fucking mind is going to trade in all their NWO sponsored dollars for something that could literally go to zero overnight.

I now realize my point about inflation is mute because crypto is inflation-proof. Excuse my autism.

smart contracts existing on blockchains like ethereum are tamper proof/deterministic and adopting them in the place of current legal/digital agreements would automate a shitload of back office work thereby causing big savings for companies, problem is you need middleware between traditional databases and smart contract platforms that get data onto blockchains while maintaining the security that blockchain offers through decentralization, chainlink is such a middleware: many independent nodes fetch off chain data and put it on chain, since there is no single point of failure and many independent actors have financial incentive to provide correct data (serving contracts results in LINK payment and reporting wrong data incurs penalty payments to the contract in LINK) the chainlink network offers a level of security and precision no other oracle project comes close to, mainnet soon

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