Why ICO's are bad. Perspective from a former pornstar.
I asked my assistant to find me a youtuber who could explain why ICO's are not a good investment. The findings were shit. But the best one that was simply put was provided by Former Wall Street Intern, Escort, and Pornstar. She explains it pretty well and hits all the points in a succinct manner.
Fiat money is worse. It's not worth anything. It's a debt instrument of the central bankers.
I wouldn't say FIAT its not worth anything. I used some today. An ico often fails. They will be gone soon. Next scheme will be the airdrop phase next quarter.
Fiat carries negative value, it is a dept sentence to be a citizen of America, the dept is the populations not the states. FIAT will thereby be worth less then 0 as soon as this surfaces, and dept are due to be payed back :)
Peace
I am not understanding your comment. Can you explain what you mean by fiat carrying negative value and "debt sentence." Are you referring to the financial term often referred to 'negative carry?'
The value of fiat comes from the relationship between supply/ demand rather than the value of the material that the money is made of.... the physical commodities such as silver, gold, rice, sea shells etc.... the value of fiat has always been based on one thing: the faith /credit of the said economy.
I am all for crypto but I think there's a place for both. I believe both are needed.
Thanks for the comment.
Just an over statement really! The ones with much fiat off course is well off, but all the money in existence and more is needed to cover the dept, so every dollar needs to be backed with another dollar that does not exist.
And the dept must be payed back by the citizens of America as the law states.
These two statements could be humorously combined into the fact that every dollar carries another dollar in dept.
But off course, in reality, the dept will be payed equally but the citizens, while money is not distributed equally, so it could be good to have some fiat :)
I vote for gold thou, and if we are being serious, it is time to increase our insurance vs FIAT with hard assets :)
Crypto is just new way to handle dollar transactions, that must be solved, or nothing changes? When the dollar comes crashing we need an alternative, so cryptos are a solid bet, even in THE coin is not here yet!
Peace
Good post. Subbed. I am afraid people will discover in years to come most ICO's are a scam. I shall be doing a post on the subject also. Sub me :-)
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