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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] Crypto has great potential to transform payments. [/quote]

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing:  get rich quick(ly) without knowing anything or expending much effort.[/quote]

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?    [/quote]

I believed how people were calling it speculative and volatile but then I started doing my own research. I find it fascinating and useful and plan to allocate 5-10% in the near future. [/quote]

So explain to us how it’s useful and why more than one crypto currency needs to exist.

Look, I have an artist relative who gets paid for their art through crypto because you can set all kinds of rules as to reserve prices and what not so the transaction occurs automatically after the conditions are met.  She uses Etherium which seems to be the crypto used for actual transactions.

She immediately just converts it into cash and only keeps a small amount to handle some day to day aspects of her business.

However, it’s difficult to understand how that makes it an asset class.  I guess it’s no different than getting paid in gold, but gold holds its value because of the belief there is a limited store of gold in the world, while it’s hard to understand how you believe there is a limited supply of an electronic currency.[/quote]

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