[Discussion] Cryptocurrency

Cryptocurrency! Either it's going to disrupt everything and usher in a new era of artistic and consumer freedom, or it'll hasten the climate apocalypse while largely benefitting a tiny number of investors. Let's yell about it!

Oh, duh. You are totally right. I missed that completely. I thought he removed his post!

Is there some party I'm not seeing in this thread who is saying Tether is good?

Aetius wrote:

One of the biggest mistakes you can make in crypto is assuming that all cryptocurrencies are essentially similar.

I feel this needs repeating. And the same goes for a particular thing like an NFT. Don't assume one particular use case on one particular ledger is representative of the whole concept.

Mr Crinkle wrote:

Is there some party I'm not seeing in this thread who is saying Tether is good?

Given it is ~80% of the stablecoin market and intrinisic to the price of BTC, I think the state of Tether is very important to Cryptocurrency discussion. And it is sh*t. So very, very sh*t.

Unbelievable.

The article wrote:

Between February 2020 and February 2021, the company mined nearly 1,186 bitcoin at a cost of $2,869 per bitcoin. Today, one bitcoin is trading at $57,475.

$65 million in one year if all sold today. While outrageously profitable now, this will resolve when the bottom falls out of the market.

And it dropped several thousand today after Tesla said they are no longer accepting Bitcoin for cars.

inVEsTmenT GrAdE!

Wow. I came here to ask whether Avira's new Crypto mining feature was a good idea, but you all seem to have answered *that* question... lol

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Lindsay Lohan NFT Fursona

Also, China told Crypto to get bent. We'll see how that shakes out.