- Joined
- Oct 18, 2020
- Messages
- 11,177
- Reaction score
- 4,467
- Gender
- Male
- Political Leaning
- Moderate
The almost 30% drop in crypto currency investments over the last month prompted me to do some research and I found this article:
As a former software engineer the discussion of the technology seems accurate but my layman's knowledge of finance does not allow me to judge that aspect of the article though it appears to be dangerous to our financial system. China and India have virtually banned crypto currencies and perhaps for good reason. Can anyone else provide incite.
Cryptocurrency Is a Giant Ponzi Scheme
Cryptocurrency is not merely a bad investment or speculative bubble. It’s worse than that: it’s a full-on fraud.
jacobinmag.com
As a former software engineer the discussion of the technology seems accurate but my layman's knowledge of finance does not allow me to judge that aspect of the article though it appears to be dangerous to our financial system. China and India have virtually banned crypto currencies and perhaps for good reason. Can anyone else provide incite.
Like ‘The 1929 Crash’—New Crypto Winter Warning As Sell-Off Wipes $1.5 Trillion From The Combined Bitcoin, Ethereum, Solana, BNB, Cardano And XRP Price
A new "crypto winter" could be around the corner after a huge crypto price crash has wiped $1.5 trillion from the combined cryptocurrency market—hitting bitcoin, ethereum, BNB, solana, cardano and XRP hard...
www.forbes.com
Crypto is crashing—and experts predict more pain ahead
Stalwart coins like Bitcoin have shed over 40% in recent months.
fortune.com