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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: 0.234s | 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. brachkow ◴[08 Dec 25 22:18 UTC] No.46198404[source]▶
This is very important point, that people from US and EU oversee.

I live in EU for many years, but due to my birth country being sanctioned I can't use any financial instruments like investing or even simplest savings deposits. Getting mortgage or loan is also much more harder for me, even tho I have much better financial situation than average person in that country. Apart of that I need occasionally go to the bank in person to proof the bank that i'm good person with valid documents under the threat of freezing my funds and closing my accounts.

Funniest thing in that is all these sanctions are issued by EU and US, and not by the country I live, where i'm pretty welcomed.