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I wasted years of my life in crypto

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681 points Anon84 | 6 comments | 07 Dec 25 12:57 UTC | HN request time: 0.676s | source | bottom
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reenorap ◴[08 Dec 25 15:28 UTC] No.46193336[source]▶
I worked at a crypto exchange and after I came to the conclusion that 99% of crypto was scams and rugpulls, I sold all my crypto and vowed to have nothing to do with it. It's more of a religion than a financial instrument and absolutely nothing has shown to me that crypto is anything more than a speculative gamble, basically tulips with the religious promise of a better world. The number of employees that lost money on rugpulls while I was there, but "still believed in crypto" was staggering.
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1. mervz ◴[08 Dec 25 15:59 UTC] No.46193826[source]▶
100%.

It's similar to AI... the only people trying to tell you "it's the future" are those with financial stakes.

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2. lo_zamoyski ◴[08 Dec 25 16:23 UTC] No.46194185[source]▶
You're forgetting the true believers.
3. tim333 ◴[08 Dec 25 16:42 UTC] No.46194455[source]▶
There have been people going back to Turing thinking AI is the future and I don't think he was trying to pump his AI stocks.
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4. _fizz_buzz_ ◴[08 Dec 25 19:22 UTC] No.46196464[source]▶
I feel very different about AI. I have still no clear idea what crypto is good for except money laundering. AI feels very different. It might not live up to all it’s promises. But it is clearly very capable.
5. CamperBob2 ◴[08 Dec 25 20:15 UTC] No.46197049[source]▶
Yeah. Rosenblatt, von Neumann, McCarthy, Weizenbaum... buncha morons
6. amunozo ◴[09 Dec 25 13:15 UTC] No.46204612[source]▶
The difference is that AI is a huge array of technologies (not only LLMs) and are being used in several fields with different, useful purposes.

There's a cult and a bubble too, though, and I agree with that part.