"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Stock Pushers Get Triggered Over Cryptocurrencies
Submitted by A. Magnus on Wed, 2017-07-12 00:00
"Cryptocurrencies, or cybercurrencies, which were in a massive financial mania until their sudden selloff that started last month, have two actual applications: online gambling and money laundering. Neither is the heart of a major business model. But that’s it. And these, preposterously, are the fundamentals behind a mania that has driven these currencies up thirtyfold, so that today, in aggregate, the market for them is a staggering $82 billion. None of the defenders’ other arguments stack up."
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
“Madness is something rare in individuals — but...11 hours 31 min ago
-
I wouldn't be surprised to learn that it's some kind...11 hours 34 min ago
-
And they're just the ones that got caught.11 hours 39 min ago
-
The fruits of Marxism: Complete and total insanity.11 weeks 2 days ago
-
Fortunately, he now has the money and the influence to not n...29 weeks 4 days ago
-
Look at the timing. They don't want CIA/MI6 funded...30 weeks 6 hours ago
-
So that everyone responsible -- and those who would sue or p...35 weeks 6 days ago
-
Hey, don't you know that the word "unprecedented...37 weeks 5 days ago
-
Reminiscent of Cuba.38 weeks 10 hours ago
-
MUST SEE!!38 weeks 2 days ago
more