←back to thread

I wasted years of my life in crypto

(twitter.com)
681 points Anon84 | 1 comments | 07 Dec 25 12:57 UTC | HN request time: 0.214s | source
Show context
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.

replies(48): >>46181550 #>>46181552 #>>46181565 #>>46181570 #>>46181587 #>>46181592 #>>46181595 #>>46181598 #>>46181626 #>>46181627 #>>46181644 #>>46181650 #>>46181665 #>>46181684 #>>46181692 #>>46181705 #>>46181710 #>>46181747 #>>46181851 #>>46182086 #>>46182181 #>>46183207 #>>46183326 #>>46184155 #>>46188845 #>>46188916 #>>46189281 #>>46189390 #>>46189635 #>>46189752 #>>46190184 #>>46190277 #>>46190352 #>>46190438 #>>46190551 #>>46190980 #>>46192357 #>>46192629 #>>46192718 #>>46192829 #>>46193037 #>>46193082 #>>46193531 #>>46193609 #>>46194845 #>>46194934 #>>46195115 #>>46203155 #
1. jcalvinowens ◴[08 Dec 25 15:09 UTC] No.46193082[source]▶
Amen. Bitcoin barely manages to continue to function, while currently handling 0.0000001% of the worlds money transfers. The idea that we could base any substantial part of our financial system on a globally serialized transaction ledger is a laughable joke.

As a technical experiment, I love bitcoin, and I have thoroughly enjoyed wasting some of my own time on it. But it's not mainstream, and it never will be.