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CryptoStar Corp V.CSTR

Alternate Symbol(s):  CSTXF

CryptoStar Corp. is a Canada-based self-mining cryptocurrency producer. The Company and its subsidiaries operate in the distributed ledger technology space, utilizing specialized equipment (miners) to perform computationally intensive cryptographic operations to validate transactions on the Blockchain (mining), receiving digital currencies (primarily Bitcoin and Ethereum). The Company also provides equipment hosting services to customers worldwide, for which services the Company receives hosting fees, as well as sells miners to customers. The Company operates data centers in the United States and Canada. Its wholly owned subsidiaries include CryptoStar Holdings Inc. (CHI), CryptoStar USA, Inc. (CryptoStar USA) and Neuro Digital Inc. (Neuro Digital). The Company operates through three segments: self-mining, hosting and miner sales.


TSXV:CSTR - Post by User

Comment by Kensin1954on Jun 21, 2021 2:49pm
302 Views
Post# 33421382

RE:Cryptocurrency illusion and consequences in economy

RE:Cryptocurrency illusion and consequences in economy Nope!

You need tp look at the charts that overlay the BTC price with worlwide useage. The price is half of it's peak but 4 x where it was before the run.

The useage is going up every day and small countries will start to use BTC instead of FIAT currency.

FIAT Currency is not backed by anything. It's not OIL that is a commodity that they were paying you to take a few months ago. it's not Gold as they decoupled that decades ago. 

Look at what happened in 2008. We almost lost the worlds ability to trade because they used Real Estate for leverage . 

ETH you could have bought for under a hundred U.S. just before CV19. Today it is 20 x that amount. $100k then is $2 mil today. And you can trade it as the volume is available. 

JMHO
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