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Joseph

A Problem that does ... • 3m

I know I'm gonna get a lot of heat for this but I will say it anyway. Crypto is a scam. Period. From a strictly financial lens it just does not make sense. How can you call something an 'asset' when you can only make money (liquidise) it when you sell it? btw these were the words of Warren Buffett. The whole concept of a 'Decentralised' system of currency fails when you peg it upon the dollar or Rupee. It is still indirectly being regulated by the free market. I do agree that the blockchain technology is revolutionary but we need to accept that there is no utility. At least not that was promised. *sigh* I'll definitely get a lot of rage comments..

23 replies38 likes

Replies (23)

Sairaj Kadam

Entrepreneur |Founde... • 3m

You know what, I believe it too. People treat crypto like the ultimate investment, but let’s not forget how hard it has crashed before. As Warren Buffett said, “Cryptocurrency doesn’t create anything. You can stare at it all day, but it won’t do anything.” That’s the truth. I love the point you’re making because not enough people are talking about this. I recently saw Kiyosaki predicting a crypto rise, but let’s be honest—these predictions often rely on shady tricks to inflate value. People like him profit because they know the game, while most others remain unaware. Your post is spot on, and we need more discussions like this. What do you think?

2 replies8 likes

Anonymous 1
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Zomato • 3m

Yeah it does feel like a scam until you make 300x returns

1 replies5 likes

Ketan Sahu

Hey I am on Medial • 3m

I also agree . I also think that if the servers in which the data stored of crypto currency get one day destroyed then how will someone take out their money . I read somewhere that it also wastes a lot of water as a form of electricity as the big servers or storage stations consume a huge amount of water every hour.

1 replies2 likes

Chintan Udani

I'm a pro medialist • 3m

you don't know proof of stake and proof of consensus? you can come up and speak about anything without knowing anything!

1 replies2 likes

Anirudh Gupta

CA Aspirant|Content ... • 3m

I think it's still not regulated right.Thats what makes crypto sound like a scam

1 replies2 likes

AYAN DINDA

Ex - Campus Ambassad... • 3m

but one thing the things that are regulated also from inside they are unregulated and most corrupt please give a reply if I am correct

1 replies1 like

Vipul

Cybersecurity Entrep... • 3m

100% agree, with cryptos linked to national currencies it reduces them to just a tech on top of currencies like UPI. Also no government will allow true decentralization bcz then they start losing power over the populous..

0 replies3 likes

Gopi Nath

Hey I am on Medial • 3m

Crypto is not future but the decentralized system will

0 replies2 likes

Venkat Ragavan

Don't mind just time... • 3m

dude at the max u can afford one r two bitcoin... it was made for american purpose why u calling it a scam already ... what money does it does... y worry b4 it comes to india... decentralized is something good feel go by it ... it has chances of future more

0 replies2 likes

arjun s

Future CEO BITCH ! • 3m

[This post has been deleted by the creator]

0 replies

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Hey I am on Medial • 8m

I am feeling enlightened after taking this course of this great prof. Cam Harvey on the decentralised finance, although it's not a complete course to make you full fledged warrior in this field but this is the great starting point if you want to lear

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Anonymous

Hey I am on Medial • 10m

It’s actually frustrating, when the world’s “largest” professional network social media has this kind of reputation and repercussions, I mean, it’s just NOT fair. Takes away a lot from a lot of deserving people. Must be solved.

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Manikandan

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@Niket, Can you add the option to edit the Replies after Post it.. Lot of times Struggle with it ..

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Vipul Bagga

Hey I am on Medial • 1m

Just a thought: The side line on the post is taking a lot of space conside removing it.

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I am the owner of an apparel brand. We make a lot of designs. After reviewing those designs, we sell the trending designs online and offline. We are interested in doing collaboration. We will give you a label SOP design which you can use at your plac

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