If you find the text too small to read on this website, press the CTRL button and,
without taking your finger off, press the + button, which will enlarge the text.
Keep doing it until you have a comfortable reading size.
(Use the - button to reduce the size)

Today's quote:

Tuesday, May 31, 2022

Dogecoin is dodgy


Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. Others see it as one big fraud. Whatever the truth, it's impossible to escape the hype which creates the value because there is no real underlying value.

I believe cryptocurrencies are just one big Ponzi scheme. They have no underlying intrinsic value other than what people believe they are worth. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there than them.

"Despite claims of 'decentralization', the cryptocurrency industry is controlled by a powerful cartel of wealthy figures" who pump and dump. Before you get dumped, watch this ABC Four Corner's clip.

Googlemap Riverbend