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0 sats \ 1 reply \ @purpurato 9 Dec \ on: One year later: so why do people ****coin? bitcoin
The answers to these type of questions, and I have lots of them, often lies within ourselves. You wonder why people do that, but most surely you engage in some sort of activity that others consider retarded, some quite common are drinking alcohol, over eating, spending money on useless gadgets...
I guess we all need some degree of retardness in our lives in order to not go nuts.
That's true...
What I would say however is that there are very objective reasons why Bitcoin is great.
And why 99.9% of 'crypto' is full of scams, unregistered securities as well as insider trading and should be banned/kicked out of Western countries financial systems for good.
The logical conclusion I have is:
Embrace Bitcoin, remove capital gains taxes on it and let the United States create a Bitcoin reserve by selling some or all of its 'gold' reserve. Teach it in the schools if possible.
And ban 'crypto' which is proof-of-air token, ponzi schemes, and securities fraud and sue the companies issuing currencies (for etc Ripple) into oblivion and kick them out of financial systems.
Is that objective? Drinking a bit too much ok. Eating a bit too much OK... but unregistered securities are NOT ok.
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