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by _svoh 1062 days ago
Allow me to also be real simple: many millions or billions of dollars have been scammed away from regular people who mistakenly trusted cryptocurrency markets.

I am not saying crypto should be illegal. I am saying it's a stupid idea for a currency and it's stupid for people to trust it.

If people want to go gamble tons of money, then that's fine, but it is not an investment. No real value is being produced. It is a zero-sum gambling ring that shifts money from one pocket to anoth er. It is musical chairs with bearer bonds.

It enshrines institutional power via truly braindead deflationary policies.

Unless you're an early mover, or pump a ton of money into it later, you essentially have no capability of engaging in the space as anything more than a victim.

Just because you like something doesn't make it useful.

1 comments

>bunch of noise, then >Just because you like something doesn't make it useful.

Again you fail the rationality/logic test. Exactly because I like something makes it useful to me. There is no room for others in this equation. I like something, I use something, therefore it's useful.

What you're trying to do is insert your opinion, stated as a fact, into this equation. There is no room for it, nor does the equation call for it. Easiest is for you to simply stay away.

I will not. I intend to keep warning others away from crypto. I need not be bound by the paisley rules of your flawed rhetoric and worse "methods" of rationality. I will not be engaging with self-reinforcing solipsism. I will continue to present my case for why people should not put their money into the gambling horse of a predatory and wealthy few, thank you.