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I wasted years of my life in crypto

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681 points Anon84 | 2 comments | 07 Dec 25 12:57 UTC | HN request time: 0s | source
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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. kylehotchkiss ◴[08 Dec 25 18:58 UTC] No.46196203[source]▶
I've found that looking at some people's approach towards tech as a new religion helps me to understand their irrational/criticism-free opinions of them - also helps me understand that I'm not going to change their minds on any of it, and limits my desire to debate it with them.

The religion of the Social Graph/global connectivity, the religion of the Cryptocurrency, the religion of AI (and the separate religion of AGI). People's fixation on UBI leans religious too. All promised transformation into better lives for people around the world, but none have managed to achieve it. We'd really be better off shipping hundreds of containers of solar panels to the global south than pretending some quantity of code we write will have as big an impact.

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2. hinkley ◴[08 Dec 25 19:36 UTC] No.46196604[source]▶
I was fortunate to have had a religious crisis before I could code for shit. I was inoculated by that experience and got a booster shot during the DotCom boom. Problem is that not going in for fads gets you labeled as a curmudgeon, rather than as a reasonable person.