Investor Howard Marks said :
"In my view, digital currencies are nothing but an unfounded fad (or perhaps even a pyramid scheme), based on a willingness to ascribe value to something that has little or non beyond what people will pay for it. But this isn't the first time. The same description can be applied to the Tulip mania that peaked in 1637, the South Sea Bubble (1720) and the Internet Bubble (1999-2000)."
what do you think? is he right or he does not understand the break through in modern technology
Just like the dollar, except the big difference is Open Source Blockchain cannot be counterfeited, inflated, or issued with debt attached. Cryptos are most certainly not a pyramid scheme, but fiat is ... and you can't take anybody seriously who calls the Internet a bubble, now, then, or ever.
Also his language using "tulip bulbs" is pure gov/banking/ws disinfo and fear mongering talking points that trolls and ops are now regularly employing as part of deep state effort to scare the public regarding cryptos.
Congratulations @myahya! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!