Crypto currencies have been around for years, but the last few months have had a major increase in interest. The market is around 100 billions dollars in value.
For those that have no clue what this is, there are various ‘currencies’ that pretty much anyone can invent and if people buy it you make money, most are scams a few try to serve real world purpose.
To be blunt, I think it is largely bullshit but could see it make money at least a few years before it all crashes cataclysmicly. To illustrate most recent the major player bitcoin decided to split.
A single bitcoin is worth around 2700$, after the split you received all your bitcoins but also ‘bitcoin cash’ which was valued at 700$. Loosely creating 25% pure profit from thin air, and literally creating 6~ billion dollars in the snap of a finger.
Most people do not even get fazed by this. I have some money in cryptos, but this destroys my trust in it so much. I have heard rumors that the (((Rothchilds))) not only own a lot of bitcoin https://cointelegraph.com/news/rothschild-inv-corp-invests-in-btc-per-sec but actually were pushing for this split.
The more I read about this whole sector, the more wary I get. MOST ways to get into crypto require the following: SSN, drivers lincense, bank account #, facial picture upload. All just to buy some digital numbers. Even typing this out I see what a scam it is. Again, I am in it, but mostly just for some gains to cash out into real things. (I also found other ways in without the privacy loss).
Ironic for stuff touted as ‘privacy’ is in fact not private at all, and the transactions are very easy to track down. Probably some jew/cia thing in the end.