[admyral]

I find nothing righteous about a system designed for a select few to profit from maintaining the illusion our money is safe and secure in a vault somewhere. That illusion has already cost people their life savings without any attacks or user error required. But the difference is they are deemed "too big to fail", so when they screw up, they get bailed out while everyone else loses it all.

More egregious is economists insistence that the continuous debasement of our currency combined with skyrocketing consumer debt and stagnant wages due to automation will not end badly. These are the same economists that couldn't possibly predict what would happen when bankers and creditors were allowed to produce billions in worthless financial derivatives and sell them as triple-A investments.

[hndamien]

Funnily enough, when people realised they could copy code and sell them off as triple-A investments that is exactly what they did. (OK, not triple A, but the scam of money from nothing is happening again and again.) At least with Bitcoin there is an end.

[admyral]

I see little distinction between a shitcoin ICO and a fart app on the App Store. A fool and their money are easily parted.