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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: 0.001s | 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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phplovesong ◴[08 Dec 25 10:09 UTC] No.46190551[source]▶
Simply put:

Bitcoin was to be an alternative to FIAT, but it ended up being nothing more then a meme-stock that consumes more energy than Poland or Argentina.

Its sad really. But the greed in people turned it into shit.

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mirekrusin ◴[08 Dec 25 10:21 UTC] No.46190632[source]▶
I never understood why bitcoin is winning popularity/pricing over ie. ethereum - which doesn't burn energy anymore and you can actually do programming on it, not just moving money from a to b.
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1. l___l ◴[08 Dec 25 11:27 UTC] No.46191065[source]▶
One theory backed with proprietary data is that it's because bitcoin was created by the US government and money printed by the Fed goes in bitcoin so the government will one day pay its projected $113T of debt by dumping on everyone.