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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: 0.222s | 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. throw0101d ◴[08 Dec 25 13:21 UTC] No.46191908[source]▶
> Not true by any means. Fiat is the tried and true way to commit crime.

Depends on the crimes, and up to certain values/volumes.

For 'consensual' transactional things for goods/services it could be useful (e.g., drug deals). But for ransom-like stuff, where one end of the 'transaction' is not thrilled with the 'deal', having to physically pick up the cash puts the perp at risk.