3 ms·
>EDIT: Getting down voted for being blunt. Sucks to lose rep because people don't like to hear the truth. Because it's not the truth, it's just you being a jer
by Sangermaine 9y ago
>EDIT: Getting down voted for being blunt. Sucks to lose rep because people don't like to hear the truth.
Because it's not the truth, it's just you being a jerk.
It's not one person being scammed over and over. It's people reading about the stupid rates of return we've seen on cryptocurrencies over the last few years, reading about some 19 year old who's now a millionaire overnight, and thinking this might be their way to financial security when they might not have many options.
Considering how these technologies are sold, in almost religious terms, as the inevitable financial future (especially by a certain hacker-themed website) and the people involved are touted as super geniuses, it's not hard to see how people who don't really understand them get pulled in.
I recall a few weeks ago being in a diner and overhearing a conversation between old men where one asks the other if they've heard of Bitcoin and then explaining how he's heard how much money people make off of it. I guess I could point and laugh at them but it's really more sad than anything that people are being sucked into this bubble of hype.
- ghaff 9y agoAnd I had a Lyft driver all interested in bitcoin a couple of months ago. It's easy to laugh at people and call them stupid and greedy especially in retrospect when bitcoin crashes, the ICO scams, or the dot-com stock bombs. But plenty of people have also made out big with those things (maybe not ICOs--except for the scammers) and, as you say, I'm sure it's very tempting for people without a great financial future on the horizon to look at all that money and wonder if they can't maybe grab some of it.