I am tired and bored.

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Joined 2 years ago
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Cake day: June 8th, 2023

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  • Cryptocurrencies don’t rely on a central entity and is the Lemmy equivalent to Reddit compared to the fiat currency. I like it and I like the technology but

    • Good luck at having a proper stable economy using only crypto. Cryptobros hate central banks but their policies ensure that a loaf of bread doesn’t cost 3 times as much the next day. I’d rather have a central trusted authority than not having one
    • Bitcoin by itself sucks. It was the first crypto so it’s the most common but it’s slow, heavy and costly to operate and to transact on











  • Profit = (sell price - buy price)/buy price

    If buy price is zero, the division is undefined or the profit is “infinite” because you spent nothing to acquire the asset.

    Having a profit of 100% would mean just selling at double the buy price, but nothing stops you at selling at 3x or 4x, having a profit of 200% or 300%.

    To give a better example, try with lower and lower “buy price” (approaching zero). You’ll see that the profit goes unlimitedly up

    I may be wrong, no attacks intended (better to specify lol)