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I wasted years of my life in crypto

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681 points Anon84 | 2 comments | 07 Dec 25 12:57 UTC | HN request time: 0.001s | source
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spicyusername ◴[07 Dec 25 13:28 UTC] No.46181533[source]▶
I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me.

The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and how dunning-krueger can happen to anyone.

Now the uninformed gambling on futuristic sounding hokum? THAT is easy to understand.

That being said, I'm sorry the author had to go through this experience, the road of life is often filled with unexpected twists and turns.

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tim333 ◴[07 Dec 25 14:22 UTC] No.46181851[source]▶
>How anyone, especially many "intelligent" people, thought it was realistic to graft a currency on top...

However a currency was grafted on, is used by millions and has a $1.7tn market cap. Seems real.

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1. jmye ◴[07 Dec 25 16:30 UTC] No.46182911[source]▶
The currency is absolutely not used by anyone serious as currency. Market caps are, quite obviously, representative of nothing, given the current state of the S&P. Let’s be serious.
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2. tim333 ◴[08 Dec 25 16:53 UTC] No.46194596[source]▶
I used it to buy some airtime on my phone. Not a very good currency maybe.