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  • karashta@kbin.melroy.orgtoPrivacy@lemmy.mlThoughts on Cryptocurrency?
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    8 months ago

    It’s not real currency, it’s a token.

    I can’t use it to pay my taxes to the US federal government and it must be traded in for actual currency to do so.

    Just like a token at an arcade.

    They are also vehicles of wild speculation… And unlike stocks (where I gain partial ownership of a company) and bonds (where I gain a claim on their monetary inflows and primacy if the venture crumbles), crypto gives me… What exactly?

    I don’t get to be an owner or a creditor. I become… Holder of a mining incentive?

    I’m sorry it’s not what a lot of people seem to think it is.