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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: 0s | source
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phplovesong ◴[08 Dec 25 10:07 UTC] No.46190528[source]▶
The original promise of crypto was lost a LONG time ago.

Instead of being a true rival to FIAT, it became a thing with a toxic-as-hell commumity, fraud, and basically its nothing more than a high risk stock. The risk is NOT only "will this go up or down" but you have a high risk of being robbed, as have happened to millions of people.

Maybe there will be a better alternative in the future, but right now bitcoin is not it.

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OhMeadhbh ◴[08 Dec 25 16:27 UTC] No.46194249[source]▶
Yeah... say what you will about FIAT currencies, but at least they can be used as currencies. I always chuckle at people who insist their transactions on exchanges are secret. With the "Know Your Customer" rules, FINCEN knows what you're doing (or at least has the option of looking into what you're doing.)
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valleyer ◴[08 Dec 25 20:59 UTC] No.46197584[source]▶
Folks, the word "fiat" is not an initialism, unless you're referring to the car brand.

https://en.wiktionary.org/wiki/fiat

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1. OhMeadhbh ◴[08 Dec 25 23:12 UTC] No.46198982[source]▶
It's funny. I drive a FIAT, and started capitalizing it ... But yes, in this instance I was talking about fiat currency, not FIAT Currency, a little known sportster model sold in the UK market for one year 1968.