Hacker News new | ask | show | jobs
by colesantiago 1215 days ago
> Please tell that to the people who invested in their local currencies in Argentina, Lebanon, Nigeria and more.

Most people use crypto not to send money anyway so it has completely failed as a means of payment and as any legitimate viable use case.

To suggest that people in those countries should use a much worse solution akin to a ponzi or pyramid scheme so that they can lose even more money due to scams, ransomware and volatility is beyond laughable.

Crypto is a scam, I don't think we need more rugpulls, exchange meltdowns to understand this basic fact.

1 comments

When I buy crypto I am buying a signed chain of custody of some quantity of imaginary unit of account on a distributed ledger. That's it. If you think it is something more you're only scamming yourself.
> When I buy crypto I am buying a signed chain of custody of some quantity of imaginary unit of account on a distributed ledger.

So speculation. Got it.