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Why does it always seem like "Lose real money" is the "E pluribus unum" of cryptocurrencies?
by gdulli 9y ago
Why does it always seem like "Lose real money" is the "E pluribus unum" of cryptocurrencies?
- mikeash 9y agoBecause "crypto" is Latin for "things will definitely go wrong" and "currency" is Latin for "real money."
- mdemare 9y agoCrypto is Greek, actually.
- mason240 9y agoAs if people don't lose real money everyday in bleeding edge investments. This is HackerNews, born from the tech startup/VC culture, right?
- tdb7893 9y agoThere's a difference between losing money on a bet (like VCs) and having it stolen from you (cryptocurrency).
- hanniabu 9y agoYou're acting like a founder never ran off with a VC's money and that there also aren't legit cryptos. This is the real world. Scummy people exist in all facets of life.
- tdb7893 9y agoThey exist everywhere but that hasn't stopped them from being especially prevalent in cryptocurrencies. The financial system is pretty sketchy in general but cryptocurrencies seem to have a large amount of scandals for having such a low volume of people actually using them.
- soup10 9y agoBecause its really weird and new to attribute high value to small amounts of data you transact over the internet to a distributed system. The cryptography and game theory needed to stop anti-social nodes(hackers and other entities) isn't developed yet.