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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: 0.199s | source
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maaaaattttt ◴[08 Dec 25 11:44 UTC] No.46191175[source]▶
In recent months I changed views and shifted from the desilluioned "this is a casino" mindset that is described in this article to a "we need this now" one. An example in this article [1], the US can now unilateraly decide to prevent an individual anywhere in the world from having a functioning financial life and this because of the quasi (western) duopoly that is Visa and Mastercard. Nothing against the US in general, this is simply too much power to put in a single decisional entity, whatever/wherever it is. The "crypto" related systems now seem like a needed extra option to the current payment system (the same way cash is almost always an alternative to credit/debit card payment and vice versa)

[1] https://www.lemonde.fr/en/international/article/2025/11/19/n...

replies(4): >>46191219 #>>46192543 #>>46195662 #>>46198404 #
1. gwbas1c ◴[08 Dec 25 14:23 UTC] No.46192543[source]▶
That's just the money cycle. Ray Dalio explains it in his new book, "How Countries Go Broke, Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do" (https://www.principles.com/)

The short explanation is that every major currency goes through a cycle; and what you're seeing is the late stage in a currency.