Sociopath Community

Jada said: 

It's fair when someone is wealthier than you are. Period.

If all the wealth was transferred to my chicken, would it be fair? You would be out on the streets, through no fault of your own, while my chicken was laying golden eggs and feeding them to you for His amusement. Cause the Chicken won the lottery. Would you say it was fair?

Ridiculously impossible but okay Legga.  If someone or something had all of the money in the world, it would then become useless, as currency needs to flow in order to be valuable to anyone. The world will need to use something else as as a currency.

In the case of cryptocurrency, the only way that could happen is with mind control cause it's no simple task taking cryoto from the masses who hold it. 

Let us pray that all the wealth in the world isn't confiscated and given to a chicken farm.  

No. Wealth must be earned. The only fair way for you to get money is by rolling up your sleeves.

As long as it isn't illegal, obtaining wealth in anyway is fair game. 

There was this one case where a very rich woman passed away and her cat was the beneficiary in her will. I imagine a trust looked after the cat in some fancy home until it was dead. 

Is it fair ? Yes. It's her will to do as she pleases.

Some people will have a tantrum over what never belonged to them in the first place. Start crying about people who make more while doing less hard work and shit. That's reality. 

 The wealth of the world is measured in human capital, technology, culture, and our empathy.

All that which makes Bitcoin as it is, yes yes yes. Except empathy. Money is cold business and cares not who's getting eaten up.

Everything else is a medium of exchange for those goods. But you can never detach from those goods, because they're the true wealth of this Universe. If you create a million bitcoin, and you agree it's worth a trillion each, you will not have increased the wealth in this world. Do the same with a technology company or a chicken farm, and you will have increased the wealth in this world.

Cryptocurrencies DO NOT get their value out of agreement or some mass consensus... Mass consensus is a retarded idea btw as it's not the case.. If you want to create a cryptocurrency, you can. You can set the supply, make it minable, or earn it from staking. However you want. It will have 0 value, until the creator of that token supplies liquidity. 

If you created 1 million tokens, and you supplied the liquidity of $100,000. Then your base price will be 10 cents per token. It will go up in value when people buy it up which adds liquidity to the pool. Anyone do this on DEFI platforms via smart contracts on Ethereum, or whatever other smart chain. 

What project was it ? Some guy made it and in the white paper said the project is worth 0. People started feeding it money for some reason and he had a billion dollar project on his hands. That guy also never gave himself any. I believe he created a mining token where even the creator had to mine it fair and square, people like that. 

Imagine youre stranded on an island. The neighboring island has 10 fish. You can either have 10 fish or 10 bitcoin. Which one do you choose? That's the point. Ultimately, when the madness recedes, people will see the ten fish, and they will realise that bitcoin is nonsensical. Every bubble has been like this. Hence my question, what intrinsic value does bitcoin hold that justifies the price?

We already covered, that Bitcoin has no intrinsic value, nor does many other forms or wealth. All it needs is intrinsic function. We do not eat money, we spend it. These things are used to track merit in a functioning modern society. 

On an isolated Island, Silver, gold, cryptocurrencies, stocks, the fucking Nintendo, your dead smartphone, and a whole list of "Goods" have no intrinsic value.  

At any rate, based on your response, I don't think you fully understand my thesis. I don't disagree that it's the law of supply and demand that is driving the bitcoin price. It most certainly is. It is the same force as the one driving every bubble that popped. 

It's your opinion that I don't understand you. Seems to make you feel better or something. You're even repeating yourself

Bitcoin's bubble popped numerous times, and as I mentioned it's going to happen again very soon. 

Gold also had a few bubbles in it's time. 

Here's what's going to happen. AGAIN. Cryptocurrency is going to crash A LOT. Very soon. To 0 ? not possible and I told you why. While the price action is consolidating people who are fearful will say. "Good thing I was right" at the same time the traders, are slowly sucking it up and spitting it out, feeling around for it's bottom, which will be a higher low than the last time the bubble popped. Okay, you following ?

The fearful do not buy at optimal prices. You know, We actually have a fear and greed index. You're fearful for your friend who you say has hundreds of millions worth of BTC. Not everyone will succeed in this, nor does everyone have the nerve for it. I crashed to hell twice and slept like a baby cause I know.

I totally listen to some of what Warren says. When the market is hot, I'm actually more fearful and keep my finger on the trigger. I also know it's time for it to come down now, and it will keep coming down for awhile after December. 

Bitcoin will fall give people the chance to own 0.1 BTC. 3 years or so. Then launch again.

Bitcoin is literally programmed to do this, it's called the Bitcoin halvening.  

Yes, the market cap is astonishing, though it is not worth Russia, because if everyone sold those bitcoins the price would plummet faster than you could say "pop". And yes, early investors got a lot of money. Also, yes, crypto has some possible advantages over fiat currency, though it cannot ever replace it. But that's not my point.

At $44,000 Bitcoin became bigger then the ruble in it's entirety. Without it's max supply. 

My argument is that so long as it has no intrinsic value, it's fragile. So far, I've heard that it's using blockchain technology.

Bitcoin is the first blockchain. All blockchains are inspired by it. 

But blockchain technology will be developed irrespective of bitcoin. If you want to invest in blockchain, you could invest in a company that develops blockchain technology. The market price is driven by speculation, and hopes of greater returns. This is the same phenomenon that was driving the 1600s tulip bubble in the Netherlands. Everyone sold tulips at mind-boggling prices. 

It already has. Ethereum for starters ( I'm a rather large Ethereum holder btw. It's my Bitcoin and more valuable when it carries the weight of a Bitcoin ) Binance Smart Chain, Solana, Pulsechain just to name a few. 

If I wanted to invest stock in this, I'd make WAAAAAY less. 

What you're suggesting is that I invest in Alibaba. Because, they hold the most blockchain patents. 

Stocks don't do people like crypto dude, trust me -_-

It was the same force also driving the dotcom bubble. 

So ultimately my question is, is Bitcoin not the same as the 1600s tulip madness, except a modern version of it?

 Flowers die, then all you have is dead flowers. That was also short lived and unsustainable, it really wouldn't work.

It's said that only 6% of the world holds crypto. That could mean a little or a lot. The exact number is unknown as people do have multiple wallets. The market will become more diluted.

We won't live to see 21,000,000 Bitcoin mined. When that day comes, history will look back at us as say, "look at how they slept on this" in a time when 0.001 BTC will be life changing, with all it's broken bubbles. 

Ridiculously impossible but okay Legga. If someone or something had all of the money in the world, it would then become useless, as currency needs to flow in order to be valuable to anyone. The world will need to use something else as as a currency.

Let us pray that all the wealth in the world isn't confiscated and given to a chicken farm. 

The chicken can trickle down some your way, maybe enough to keep 50% of humanity alive.

But you didn't answer my question: It would be fair, wouldn't it? Its not. That was the point.

As long as it isn't illegal, obtaining wealth in anyway is fair game.

So... Your point is that people shouldn't call it unfair when people who dont deserve it get a bunch of money for no work and no contribution to society, and you think it's fair and they shouldn't rob those people of their bitcoin upon enacting a worldwide bitcoin system.. OK.

In that case, the world population demanding and robbing the bitcoin of the world is also fair game. Since they're enacting laws, what they're doing is not illegal. Either way, the outcome is the same, and you should have nothing against it.

Some people will have a tantrum over what never belonged to them in the first place. Start crying about people who make more while doing less hard work and shit. That's reality.

Then people shouldn't cry about people wanting their fair share and redistributing wealth either, since its all fair game.

Cryptocurrencies DO NOT get their value out of agreement or some mass consensus...

I think youre not really getting what I'm saying.

Ultimately the law of supply and demand reflects consensus amongst those trading bitcoin. I think you need to interpolate a little bit from what I say. What I mean is that the law of supply and demand is what drives crypto prices. You could say its a thermodynamic process that is driven by things like trading volume, liquidity, etc. Ultimately however it boils down to: We agree to make this transaction, so we agree on the value. It boils down to: Can I find a person who thinks the worth of my asset is X? If yes, I can sell. However, if people think my asset is worthless, I cant sell. That's what I mean by "agreement". So yes, when reduced to its bare bones, it does boil down to whether or not people agree. Every time you invest, you're making a choice. On a macro level, as a society, when investments take place, you "agree" on a price in that sense. There's no consensus, but there is a sense of agreement amongst the society on how much generally you need to pay for something, and it's determined through statistical agreement. We could go down the rabbit hole of rigorously defining the agreement through central limit theorem and quasi stationary processes, but it'd get into the weeds and is pretty unnecessary.

At any rate, the bare bones of my argument, stripped of all the nonsense, thermodynamics, statistics, and mathematics, is: Does it make sense to agree that something with no output to humanity has enormous value?

Make it even more simple: You are on a deserted island with 100 fish worth 100usd. You can choose between 10 bitcoin, 5 bitcoin and 5 fishing rods, or 10 fishing rods. The bitcoin has absolutely no value to you as a society, so you choose 10 fishing rods. You can certainly choose 10 bitcoin and agree that it's worth 50 fish, and then trade amongst each other. However, investing in bitcoin is not going to generate new fish, so ultimately people will decide its worthless and invest in things that increase the wealth of the society, like fishing rods.

On an isolated Island, Silver, gold, cryptocurrencies, stocks, the fucking Nintendo, your dead smartphone, and a whole list of "Goods" have no intrinsic value.

Which is why you should not invest in silver, gold, cryptocurrencies. Stocks DO hold value on a deserted island, as long as they're tied to a company on the island, like fishermen limited. That's kind of my point, and I said you're missing it, not to show off or feel better about myself, but to express what I thought to be the case. Im certainly misunderstanding some of the things you say, such is the nature of communication, Im certainly not faulting you for it.

On a deserted island, if you collectively agree that Fishermen Jack&Joe, a successful fishing company created by Jack and Joe, is enormously valuable, then you as a society have made a wise choice, and future will bring more fish. Should you choose bitcoin over fishermen limited, you will soon find yourself with no fish.

Bitcoin is the first blockchain. All blockchains are inspired by it.

Still, no intrinsic value, and you agree. I dont think we disagree.

its a good arguement jada.... that people treating btc (which is a currency) as an investment, are causing money to NOT be invested in legit business that produce goods or services

but i think btc people are not that smart... because once again a small few own most of it, and they control the price.... so investing your money and then getting rug pulled is possible in the future...

so yeah btc is on the same level as all those gambling apps... dumb people being sepeated from their monies

Jada said: 

Ridiculously impossible but okay Legga. If someone or something had all of the money in the world, it would then become useless, as currency needs to flow in order to be valuable to anyone. The world will need to use something else as as a currency.

Let us pray that all the wealth in the world isn't confiscated and given to a chicken farm. 

The chicken can trickle down some your way, maybe enough to keep 50% of humanity alive.

But you didn't answer my question: It would be fair, wouldn't it? Its not. That was the point.

Of course not. People are entitled to their earnings and it isn't up to you what happens to people's wealth. This is irrelevant to the topic as it isn't the case with, investments. 

As long as it isn't illegal, obtaining wealth in anyway is fair game.

So... Your point is that people shouldn't call it unfair when people who dont deserve it get a bunch of money for no work and no contribution to society, and you think it's fair and they shouldn't rob those people of their bitcoin upon enacting a worldwide bitcoin system.. OK.

That's your bias. People can call it whatever they want Bitcoin isn't free and it never was. Some people acquire generational wealth and they hand it down their bloodline, it's their will what they do with their money and assets. It's not a matter if someone deserves it of not. If your bitter about your friend owning hundreds of millions worth of Bitcoin, doesn't give you the right to steal it. 

Robbery is theft Legga. Every culture, or theist or atheist, every nation knows theft is wrong. Advocating that it should be taken away from them isn't even intelligent.  The effects are real too, for example if you redistribute the worlds wealth from the combined 26% of people who invest in stocks and cryptocurrencies, the world as we know it would shut down.  Mass production of goods, gone, billions of jobs, gone. 

In that case, the world population demanding and robbing the bitcoin of the world is also fair game. Since they're enacting laws, what they're doing is not illegal. Either way, the outcome is the same, and you should have nothing against it.

HA HA HA. You wish. There's more to life than other people's belongings dude. Bitcoin is one of those things one shouldn't steal. It's very trackable and it has landed those who've stolen it in jail. On that note, I love it when thieves get caught. 

Friend of mine had burglars cut a hole through the roof of her shop, cut her safe and stole 700 grand worth of precious metals. Stuff like that must make you feel good in the same way a have not with bitter intent would rejoice.

Some people will have a tantrum over what never belonged to them in the first place. Start crying about people who make more while doing less hard work and shit. That's reality.

Then people shouldn't cry about people wanting their fair share and redistributing wealth either, since its all fair game.

I can't tell you how to think, but that's really shameful. Again, I said as long as it isn't illegal. Theft is illegal. 

Cryptocurrencies DO NOT get their value out of agreement or some mass consensus...

I think youre not really getting what I'm saying.

Ultimately the law of supply and demand reflects consensus amongst those trading bitcoin. I think you need to interpolate a little bit from what I say. What I mean is that the law of supply and demand is what drives crypto prices. You could say its a thermodynamic process that is driven by things like trading volume, liquidity, etc. Ultimately however it boils down to: We agree to make this transaction, so we agree on the value. It boils down to: Can I find a person who thinks the worth of my asset is X? If yes, I can sell. However, if people think my asset is worthless, I cant sell. That's what I mean by "agreement". So yes, when reduced to its bare bones, it does boil down to whether or not people agree. Every time you invest, you're making a choice. On a macro level, as a society, when investments take place, you "agree" on a price in that sense. There's no consensus, but there is a sense of agreement amongst the society on how much generally you need to pay for something, and it's determined through statistical agreement. We could go down the rabbit hole of rigorously defining the agreement through central limit theorem and quasi stationary processes, but it'd get into the weeds and is pretty unnecessary.

Well duh. If you want you can buy a Bitcoin and put it up for $10 And I promise you, it will be the absolute next Bitcoin to sell. It's how the bulls and the bears trade in real time. Personally when I sell on an exchange, I might sell it for a little less so I can get ahead of the rat race others will do that too and the price will trickle down. Or I'll place a sell order targeting a slightly higher price, the market might be doing the same at the time causing the price to spike up. You can try to sell it for double, and it won't happen until the market makes it to your price.

What's true is, if you sell a Bitcoin, poof. You get the money in the blink of an eye. This will be the case when it hits 1 million dollars and beyond. 

At any rate, the bare bones of my argument, stripped of all the nonsense, thermodynamics, statistics, and mathematics, is: Does it make sense to agree that something with no output to humanity has enormous value?

Oh doesn't it ? People are sending their kids to University with cryptocurrencies other live a life of abundance, maybe someone invested a little and was able to go on that trip they always wanted. Like other assets, crypto isn't going to save us when the world falls into chaos. It simply does what it does. 

Make it even more simple: You are on a deserted island with 100 fish worth 100usd. You can choose between 10 bitcoin, 5 bitcoin and 5 fishing rods, or 10 fishing rods. The bitcoin has absolutely no value to you as a society, so you choose 10 fishing rods. You can certainly choose 10 bitcoin and agree that it's worth 50 fish, and then trade amongst each other. However, investing in bitcoin is not going to generate new fish, so ultimately people will decide its worthless and invest in things that increase the wealth of the society, like fishing rods.

Same answer I gave you last time: "On an isolated Island, Silver, gold, cryptocurrencies, stocks, the fucking Nintendo, your dead smartphone, and a whole list of "Goods" have no intrinsic value."

If I were on a deserted island, it would depend on if I'm stranded or not. If it were a game going on for 30 days I'm take the million. I know how to craft primitive tools with broken rocks and build fire with just wooden tools that can be made with the broken rock. I'd also craft a fishing spear even if it took days. 

I know how to do this cause I dream of being on Survivor ^^ Such a glorious show. 

On an isolated Island, Silver, gold, cryptocurrencies, stocks, the fucking Nintendo, your dead smartphone, and a whole list of "Goods" have no intrinsic value.

Which is why you should not invest in silver, gold, cryptocurrencies. Stocks DO hold value on a deserted island, as long as they're tied to a company on the island, like fishermen limited. That's kind of my point, and I said you're missing it, not to show off or feel better about myself, but to express what I thought to be the case. Im certainly misunderstanding some of the things you say, such is the nature of communication, Im certainly not faulting you for it.

Funny. Here you acknowledge my response, but felt the need to break it down again while saying I don't understand. Dude. I understand. You think I don't in advance, but I do, and I gave you that very answer twice now. Do you understand ?

I do not live on an isolated Island. I live in the 5th largest city in North America. Okay, I'm in a Mega City Legga. Born and raised here. I can have a whole bunch of fish, and while I'm here money and assets are better than fishing rods and fish. 

See the difference ? Your analogy is made up and isn't the case, and I get you, you want to make a point about intrinsic value, but, it isn't real. What's real is that I am here, not on some secluded island, and things work differently here, where intrinsic things, like cash have value. That value can be based on various things, personally I'd like the gold standard instead of fiat but has function anyway. 

On a deserted island, if you collectively agree that Fishermen Jack&Joe, a successful fishing company created by Jack and Joe, is enormously valuable, then you as a society have made a wise choice, and future will bring more fish. Should you choose bitcoin over fishermen limited, you will soon find yourself with no fish.

Okay, but in reality I'm not Jack & Joe and I'm not on some secluded island, cryptocurrency is the wise choice. Here, in the city. 

Bitcoin is the first blockchain. All blockchains are inspired by it.

Still, no intrinsic value, and you agree. I dont think we disagree.

I'm sorry, but did you learn anything here ? I just showed you how Bitcoin is the original blockchain. Other blockchains borrow code from Bitcoin's blockchain.   

Intrinsic value doesn't matter when it comes to money and assets. Warren has stacks of cash and not a single unit has intrinsic value. Why should a chocolate bar be used as currency when people will end up eating it. Your money won't save you when the shit hits the fan, but if you were prepared you'd have, get this, "used your wealth" to have prepared for it. You may have noticed, you've been buying things with intrinsic value, from something that have no intrinsic value your whole life.

I get it though. Bitcoin isn't from the federal reserve who prints all bills at the same price, with each 1 dollar bill coming with a -4 cents like the other bills, then they slap debt and interest on a nation. And you're all about the federal reserve printing money with debt and interest, where it's base value is governed by trust. But now all of a sudden Legga, intrinsic value plays a key role for you while you don't have Bitcoin, but you do use fiat you're whole life. 

Cryptocurrencies put the federal reserve to shame, though I don't think you're even able to agree on that. Yet at the same time, you'd like to take away other people's cryptocurrency because you think it's unfair. Unfair that they've invested in something that turned out great and others did not, so that's unfair. Cryptocurrencies are expensive, and people work hard for it. When I was growing my stash it wasn't just me sitting back, the market never sleeps, doesn't stop ever. Mining was brutal, I was getting cooked alive. Ethereum crashed and was no longer profitable to mine. So I bought $100,000 worth of ETH when it bottomed out and it worked out good.  I slept on my keyboard countless times I went so hard all I can do is talk about TA. Can't just leave it, it has to be managed.

I think I deserve what I have, and you don't deserve what belongs to me, cause you never did a thing to have your own. Yet, you think you should have what I have, without rolling up your sleeves, and you suggest that would make things fair. My suggestion to you is to not buy it, wait 2 years then get in if you want your own Bitcoin. That's good advice, getting in now will mean you'll have to ride the dip which you probably can't handle. 

puppygirl said: 

its a good arguement jada.... that people treating btc (which is a currency) as an investment, are causing money to NOT be invested in legit business that produce goods or services

but i think btc people are not that smart... because once again a small few own most of it, and they control the price.... so investing your money and then getting rug pulled is possible in the future...

so yeah btc is on the same level as all those gambling apps... dumb people being sepeated from their monies

 Corporations hold the most Bitcoin. 

The US government has a Strategic Cryptocurrency Reserve, the plan is to grow it and pay off the national debt. That will strengthen the USD otherwise it'll lose more value with a debt ceiling constantly getting raised.

Is it important ? Of course it is. 

Ill reply in more detail later. However, can you explain my argument to the best of your ability? 

You keep saying that I shouldnt say you misunderstand my argument, and that you understand my argument perfectly, but I dont think you do. Can you explain my argument and make the best case for it that you can, and then explain where you disagree..?

its a good arguement jada.... that people treating btc (which is a currency) as an investment, are causing money to NOT be invested in legit business that produce goods or services

but i think btc people are not that smart... because once again a small few own most of it, and they control the price.... so investing your money and then getting rug pulled is possible in the future...

so yeah btc is on the same level as all those gambling apps... dumb people being sepeated from their monies

Thanks Luna.

Yes, that it's being treated as an investment is part of it, and that money is taken away from real investments is a part of it too. The fundamental argument is that the financial system of investing was built to reward hard work. Society collectively decides what is worth investments, and hopefully those investments bring something to the society, and in this case also the stakeholders. That's what gives value to stocks, and the agreement on the price will eventually track it, or otherwise people will quickly find themselves without homes. The argument is that eventually people wake up from this fever dream where they gamble their money away by playing horse race with crypto. It can be incredibly profitable, but it's ultimately a zero sum game. Stocks are not a zero sum game. That's the difference.

Gambling, crypto, etc, are essentially the parasitic part of society, the part of society that believes you do not need to work for money. It ignores the fundamentals on which our modern society is built upon, and my argument is that those fundamentals are still the driving force of our society, despite the complexity that has been built upon from the starting point of the deserted island. The complexity may "obscure" the fundamentals, and it can cause friction between the starting point of the company and when the bubble pops, but it's there. My argument furthermore is that every bubble in history that has popped is because of these fundamentals, no historical endeavor has ever bypassed the fundamentals, and that the outcome predicted by the fundamentals is inevitable.

Jada said: 

Ill reply in more detail later. However, can you explain my argument to the best of your ability? 

You keep saying that I shouldnt say you misunderstand my argument, and that you understand my argument perfectly, but I dont think you do. Can you explain my argument and make the best case for it that you can, and then explain where you disagree..?

 Yes and yes. I can make a case for it too, but much of what you ended up saying doesn't align with my values and beliefs.  

I don't say you shouldn't say I misunderstand, I said you think I don't understand. 

The only thing I said you shouldn't* do, is invest in cryptocurrencies now, it's going to crash bigly. 

You have more than 1 argument. I don't disagree with everything you say, I simply have a response.

- Bitcoin has no intrinsic value.

I agree. What it does have is intrinsic function, though. 

.

- Bitcoin is not an investment, it's speculation. In agreeance with fake Warren.

It is a speculative investment. There's no real separating the speculation and investing when people invest in speculative things. Some stocks are also speculative along with some commodities like precious metals, oil and a list of other things. 

.

- Bitcoin sits around and does nothing. 

115 billion on the 24 hour volume as I'm writing this. If say, a cousin in Trinidad asked me for help, I can send them crypto, which is better than wiring money to another country. It's also good when moving to another country, as crypto keeps money in any country it's purchased respectively. That's very useful. 

- It's even worse, Bitcoin has negative intrinsic value. ( A bit off, but your response to the operating cost.)

I don't think that's really a thing cause despite the operating cost in some areas, Bitcoin is profitable for the miner. An ASIC miner in itself has intrinsic value as it generates income for it's owner. 

Some would argue my GPU farm has no intrinsic value, but I can use it to make passive income, use it as a render farm, or train Directlm Ai.

But what happens if BTC dropped below 81k ?

Some miners will come off the network, and the ones who stay on get more BTC than they would have. The difficulty has a base, and the rest is the amount of miners on the network.

- The price of Bitcoin isn't justified

But it is, and I stated why and how it works.

- It isn't fair. People should have their Bitcoin confiscated and handed out.

Nah, it's fair and it isn't about fair or deserving. Sometimes people you don't like acquire wealth.

.

In a nutshell your argument is that you agree with that fake Warren, that if something has no intrinsic value, it's no good to invest in. Meanwhile this world is filled with things with no intrinsic value that will blow up in value. You also argue the fairness of wealth, based on who you think deserves it, and how people's wealth should be seized and redistributed. Bad idea if you ask me. 

I say, don't invest in what you can't afford to lose, regardless of the nature of the venture. 

While Bitcoin is speculative, it has a mechanism that forces it's price to higher highs and higher lows. 

If the US succeeds in paying off the national debt that would be fantastic. I also think this will hold Bitcoin's potential since it'll get liquidated every now and then to cover billions and trillions of US debt.  

Jada said: 

its a good arguement jada.... that people treating btc (which is a currency) as an investment, are causing money to NOT be invested in legit business that produce goods or services

but i think btc people are not that smart... because once again a small few own most of it, and they control the price.... so investing your money and then getting rug pulled is possible in the future...

so yeah btc is on the same level as all those gambling apps... dumb people being sepeated from their monies

Thanks Luna.

Yes, that it's being treated as an investment is part of it, and that money is taken away from real investments is a part of it too. The fundamental argument is that the financial system of investing was built to reward hard work. Society collectively decides what is worth investments, and hopefully those investments bring something to the society, and in this case also the stakeholders. That's what gives value to stocks, and the agreement on the price will eventually track it, or otherwise people will quickly find themselves without homes. The argument is that eventually people wake up from this fever dream where they gamble their money away by playing horse race with crypto. It can be incredibly profitable, but it's ultimately a zero sum game. Stocks are not a zero sum game. That's the difference.

Gambling, crypto, etc, are essentially the parasitic part of society, the part of society that believes you do not need to work for money. It ignores the fundamentals on which our modern society is built upon, and my argument is that those fundamentals are still the driving force of our society, despite the complexity that has been built upon from the starting point of the deserted island. The complexity may "obscure" the fundamentals, and it can cause friction between the starting point of the company and when the bubble pops, but it's there. My argument furthermore is that every bubble in history that has popped is because of these fundamentals, no historical endeavor has ever bypassed the fundamentals, and that the outcome predicted by the fundamentals is inevitable.

 Fiat remains the big currency, and it's gambled a lot more than cryptocurrencies. More fraud and crime, more of the good and bad. 

Whatever people decide to do with their money is their business. Investing for you is also a gamble which I covered.