Recent comments in /f/dataisbeautiful

What-Fries-Beneath t1_j8z8b6h wrote

McDonalds gift card for a day which I would exchange for a burger. I might take the money I would otherwise have spent and invest it in some vehicle which offers some degree of oversight/regulation, for example a mutual fund, bond, or currency stake, and the backing of a powerful entity like say a government.

As opposed to "investing" in this week's comp sci program dropout's first live software project based on an ultimately insignificant, artificially and nearly arbitrarily derived slice of an infinite distribution of numbers in geometric space.

The day shitcoins truly have utility is the day they become indistinguishable from "real" money with all the regulations, transparency, and backing of currency, investment, and banking today. Until then they're just a ponzi treadmill

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