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If you’ve ever needed to buy something that your government doesn’t want you to or get your money out of a country that doesn’t want you to remove your money yo

If you’ve ever needed to buy something that your government doesn’t want you to or get your money out of a country that doesn’t want you to remove your money you’d have a different view of cryptocurrency. Scam is not how I would classify all of them at all. I’d classify them more as a mechanism of freedom. You may find yourself singing a different tune when the current QE house of cards falls and you want somewhere, anywhere to put your money that is safe and untouched by the financial fraud and usury system we currently call banking. Kin has more in common with banking than crypto. It was just a blatant money grab by a company with low enough morals and the stupidity to do so and think they were above the law and wouldn’t be punished for blatant disregard for securities law.

DiogenesKynikos 7y ago
You're talking about the low morals of banks vs. cryptocurrencies, but I feel much safer depositing my savings in a regulated bank than I would converting them into any type of cryptocoin. Is my perception wrong? I understand that in particular cases (e.g., hyperinflation), you may prefer cryptocurrency, but for the vast majority of people, official currencies and regulated banks are much safer and practical.
- repomies691 7y ago
  > I feel much safer depositing my savings in a regulated bank than I would converting them into any type of cryptocoin. Is my perception wrong? I converted all my fiat back in the days to crypto. I didn't feel safer back then, but later on as the value skyrocketed and I diversified crypto gains to all kinds of assets my comfort level increased very nicely. I still have good stake of crypto, now I wouldn't feel safe not having some amount.
verinus 7y ago
I'll classify that as criminal. Given that our government is democratically elected and all laws have a democratic foundation what you call freedom I would call criminal. In that regard cryptocurrencies have a problem.
- repomies691 7y ago
  > what you call freedom I would call criminal. > In that regard cryptocurrencies have a problem. No, cryptocurrencies don't have a problem if some random guy on internet thinks nonsense.
- LocalH 7y ago
  That sounds very authoritarian.

DiogenesKynikos 7y ago

You're talking about the low morals of banks vs. cryptocurrencies, but I feel much safer depositing my savings in a regulated bank than I would converting them into any type of cryptocoin. Is my perception wrong? I understand that in particular cases (e.g., hyperinflation), you may prefer cryptocurrency, but for the vast majority of people, official currencies and regulated banks are much safer and practical.

repomies691 7y ago
> I feel much safer depositing my savings in a regulated bank than I would converting them into any type of cryptocoin. Is my perception wrong? I converted all my fiat back in the days to crypto. I didn't feel safer back then, but later on as the value skyrocketed and I diversified crypto gains to all kinds of assets my comfort level increased very nicely. I still have good stake of crypto, now I wouldn't feel safe not having some amount.

verinus 7y ago

I'll classify that as criminal. Given that our government is democratically elected and all laws have a democratic foundation what you call freedom I would call criminal. In that regard cryptocurrencies have a problem.

repomies691 7y ago
> what you call freedom I would call criminal. > In that regard cryptocurrencies have a problem. No, cryptocurrencies don't have a problem if some random guy on internet thinks nonsense.
LocalH 7y ago
That sounds very authoritarian.