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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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1. ErigmolCt ◴[08 Dec 25 14:05 UTC] No.46192340[source]▶
You're right that the risk profile isn't just volatility. In a system where "you are your own bank," losing a seed phrase, signing the wrong transaction, or getting phished is equivalent to someone draining your checking account with no recourse