Meh i disagree with that sentiment. Granted, a year ago, I was completely in agreement with you. Heck 7 months ago I was. Until I began to research it heavily. I spent several months reading and learning about it. Some are ponzy schemes for sure, others aren’t.
Digital currencies like Bitcoin and Etherum are legit and are here to stay for the foreseeable future. These two actually offer a service and return of that service.
now the other random alt coins and meme coins like Doge and Shib will be lucky to survive another year because they don’t actually do anything or offer anything.
Keep in mind too, the US Dollar only has value because it’s widely accepted as a payment for goods and services. In actuality, it’s just paper, 25 percent cotton, 75 percent denim. And some special ink. But it’s backed by the belief that it holds some sort of value and that the value is transferable from one person (or entity) to the next. But in actuality, the dollar is just a piece of paper that says the Federal reserve owes the holder of that piece of paper, 1 dollar. The currency we have now is for all practical purposes, a piece of debt.
anywho, as more and more places pick up cryptos like Bitcoin, the only difference is that instead of having a piece of paper, you now have a unique, several hundred character long, hyperlink.
bottomline is this, anything outside of the Bitcoin and Etherum coins, is a gamble. But those two are only going to go up in value.
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