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681 points Anon84 | 1 comments | | HN request time: 0s | source
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reenorap ◴[] 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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earnesti ◴[] No.46193945[source]
I've never understood crypto, however I'm long term Bitcoin fan and user, and don't consider it "crypto". I think Bitcoin is pretty much opposite what the typical crypto project is.
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kanbankaren ◴[] No.46194513[source]
It has proven neither to be a store of value nor medium of exchange though it is being used extensively for criminal activities.
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atomic128 ◴[] No.46195234[source]
Monero is used for criminal activities, not Bitcoin. How do I know? I monitor crime, mostly but not exclusively drug crime, on Tor's hidden services: https://rnsaffn.com/zg4/ Monero is the cryptocurrency of choice.
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1. lokar ◴[] No.46195353[source]
Not all crime is drugs.

Most of it is tax and sanctions evasion.