No sense: people demonizes dollar but buy tokens with 200% inflation just looking for APY without knowing what that means

Cryptocurrency News and Public Mining Pools

No sense: people demonizes dollar but buy tokens with 200% inflation just looking for APY without knowing what that means

With all this pools becoming popular people are hushing into 200% “gains” a year without knowing where this money comes from. It’s inflation. Plain and simple. They release more tokens and give to you. As times passes, the value of the token falls because that are a lot of tokens in the market.

There is no easy money. When you find a pool or a stake paying high interest, try to find where is it coming from. You will be surprised to know that you’re buying a thing that is worst than dollar.

When people say “it’s like printing money” they are completely right.

submitted by /u/nelito30
[link] [comments]