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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: 0.215s | 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. dogman144 ◴[08 Dec 25 18:12 UTC] No.46195662[source]▶
Understanding crypto from this type of international context focused on these sorts of issues is where it indisputably makes much sense and is seeing indisputable adoption. Low and slow but end of the day to a very large and growing problem, bitcoin+ adoption or a mass civics readjustment in the US are the solutions. Which is more likely?

So it’s an inefficient tech with a mess of problems and uneven adoption but if you want to send $1-$1mm anywhere in the globe you can. That’s very powerful tech and the implications are about as important as anything else from cryptography hitting public adoption. And all of those have been consequential.. see 30 year fight about e2ee.