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I wasted years of my life in crypto

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681 points Anon84 | 1 comments | 07 Dec 25 12:57 UTC | HN request time: 0.212s | source
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kaluga ◴[08 Dec 25 07:12 UTC] No.46189316[source]▶
The most interesting insight here isn’t “crypto bad,” but how years in a speculation-first ecosystem warp your intuition for what real value looks like.

When incentives reward casinos over products, even talented builders end up optimizing for the wrong game. That lesson applies far beyond crypto.

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1. user34283 ◴[08 Dec 25 11:18 UTC] No.46191005[source]▶
From OP's post;

> you could send a billion dollars to anyone in the world in a few seconds. That belief is powerful and I still ascribe to it.

I'm sorry, but that just seems idiotic. Ever heard about anti-money laundering or KYC?

It is not desirable to send a billion dollars internationally "to anyone" within seconds, and certainly not without checks and irreversible. The core idea was fundamentally unrealistic from the very start.