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   Jon S. von Tetzchner (jon@social.vivaldi.net)'s status on Sunday, 26-Jan-2025 04:25:20 JST Jon S. von Tetzchner

   So based on this article, DnB, Norway´s largest bank, is considering setting up a Crypto fund.

   The head of DnB Asset Management is openly discussing this in this article. He compares Bitcoin to gold, given that there is a "limit to the supply" of Bitcoin.

   Anyone that understands anything about Crypto and numbers understands this is just BS. Bitcoin has no inherent value and there is no inherent limitation to the number of Bitcoins, as you just use fractions.

   DnB has been sued before for selling fraudulent products. I hope they will not be so stupid to now sell much more fraudulent products.

   https://e24.no/boers-og-finans/i/alkowd/dnb-vurderer-aa-starte-kryptofond

   #Crypto #DnB #Scam

   • Embed this notice
     feld (feld@friedcheese.us)'s status on Sunday, 26-Jan-2025 08:15:40 JST feld

     in reply to

     • joe
     @joe @jon
     
     > What is the smallest possible fraction of 1 USD?
     
     Whatever you want it to be as long as all parties transacting have accounting systems that can maintain the same precision I guess.
     
     e.g., Gasoline and diesel are sold at prices that go to a fraction of a penny
   • Embed this notice
     joe (joe@social.thisisjoes.site)'s status on Sunday, 26-Jan-2025 08:15:42 JST joe

     in reply to

     @jon What is the inherent value of USD? What is the smallest possible fraction of 1 USD? There is plenty to criticize about cryptocurrency, but these are hardly convincing.