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One thing I learned since learning about cryptocurrencies: NEVER trust "something you read somewhere". A lot of them are propaganda or people who have no idea h
by cocktailpeanuts 9y ago
One thing I learned since learning about cryptocurrencies: NEVER trust "something you read somewhere". A lot of them are propaganda or people who have no idea how it actually works scratching the surface.
Do your own research if you're curious about it and don't want to feel left out. It's never too late to make an actual informed decision afterwards. I've seen so many otherwise intelligent people just keep dismissing Bitcoin and cryptocurrencies without even knowing how they actually work. Don't be those people.
Try to read some books about the actual technology that runs Bitcoin and other cryptocurrencies and THEN make a decision whether you think it's a scam or not. Even if you think you think it's a scam or a bubble or whatever, at least then you'll be actually making an independent judgment on a new piece of technology that nobody--including the inventor him/herself--fully understands.
- nly 9y agoOh, I'm well aware of how Bitcoin works. All the way down to the cryptographic constructs. I studied it for a while, and it lead me on to some more interesting topics, but the currency itself doesn't interest me. Understanding Bitcoin to assess "whether it's a scam" makes about as much sense as learning about the mechanics of an electronic exchange to figure out whether it's a good idea to invest in Facebook.
- cocktailpeanuts 9y agoNot a great analogy.