4 ms·

I'm sorry that majority of crypto people, content and companies, made you think that way. Crypto offers and has potential to be more than that but fails to educ

by _5uxp 4y ago

I'm sorry that majority of crypto people, content and companies, made you think that way. Crypto offers and has potential to be more than that but fails to educate masses. Here is one fact, at very basic level, crypto helps sci-hub funded > more access to research and scentific writing. Also help people in 3rd world countries to hold usd equivalent (not perfect, yet). I know these are hard to see, while living in western economy with lots of access to things.

colesantiago 4y ago
Please tell that to the people who invested all their life savings in FTX and LUNA. Most of what you have suggested is already done by the existing financial system. Crypto is ALL a complete scam.
- _5uxp 4y ago
  Please tell that to the people who invested in their local currencies in Argentina, Lebanon, Nigeria and more. Most ot what you write is just a misinformation. Crypto is not all scam.
  - colesantiago 4y ago
    > Please tell that to the people who invested in their local currencies in Argentina, Lebanon, Nigeria and more. Most people use crypto not to send money anyway so it has completely failed as a means of payment and as any legitimate viable use case. To suggest that people in those countries should use a much worse solution akin to a ponzi or pyramid scheme so that they can lose even more money due to scams, ransomware and volatility is beyond laughable. Crypto is a scam, I don't think we need more rugpulls, exchange meltdowns to understand this basic fact.
    - notch898a 4y ago
      When I buy crypto I am buying a signed chain of custody of some quantity of imaginary unit of account on a distributed ledger. That's it. If you think it is something more you're only scamming yourself.
      - colesantiago 4y ago
        > When I buy crypto I am buying a signed chain of custody of some quantity of imaginary unit of account on a distributed ledger. So speculation. Got it.

by _5uxp 4y ago

colesantiago 4y ago

Please tell that to the people who invested all their life savings in FTX and LUNA. Most of what you have suggested is already done by the existing financial system. Crypto is ALL a complete scam.

_5uxp 4y ago
Please tell that to the people who invested in their local currencies in Argentina, Lebanon, Nigeria and more. Most ot what you write is just a misinformation. Crypto is not all scam.
- colesantiago 4y ago
  > Please tell that to the people who invested in their local currencies in Argentina, Lebanon, Nigeria and more. Most people use crypto not to send money anyway so it has completely failed as a means of payment and as any legitimate viable use case. To suggest that people in those countries should use a much worse solution akin to a ponzi or pyramid scheme so that they can lose even more money due to scams, ransomware and volatility is beyond laughable. Crypto is a scam, I don't think we need more rugpulls, exchange meltdowns to understand this basic fact.
  - notch898a 4y ago
    When I buy crypto I am buying a signed chain of custody of some quantity of imaginary unit of account on a distributed ledger. That's it. If you think it is something more you're only scamming yourself.
    - colesantiago 4y ago
      > When I buy crypto I am buying a signed chain of custody of some quantity of imaginary unit of account on a distributed ledger. So speculation. Got it.