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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: 0s | source
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phplovesong ◴[08 Dec 25 10:07 UTC] No.46190528[source]▶
The original promise of crypto was lost a LONG time ago.

Instead of being a true rival to FIAT, it became a thing with a toxic-as-hell commumity, fraud, and basically its nothing more than a high risk stock. The risk is NOT only "will this go up or down" but you have a high risk of being robbed, as have happened to millions of people.

Maybe there will be a better alternative in the future, but right now bitcoin is not it.

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amelius ◴[08 Dec 25 10:33 UTC] No.46190719[source]▶
To add to that, crypto is also a gift from heaven for criminals who need to receive ransoms.
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bleuuuu ◴[08 Dec 25 12:41 UTC] No.46191569[source]▶
Not true by any means. Fiat is the tried and true way to commit crime. Having transcations on a ledger forever, works against your criminal take. You are just repeating.
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1. ecb_penguin ◴[08 Dec 25 12:51 UTC] No.46191632[source]▶
> Having transcations on a ledger forever

Do you think cash transactions don't have even more detailed ledgers? The "tried and true fiat" has been used to catch criminals for centuries because banks keep very detailed records of withdraws and deposits.

> You are just repeating

You are just repeating. Obviously both are being used for crime