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> IMO, cryptocurrency seems like a religion. That implies a sincerity in their beliefs. While it's difficult to figure out what people's true motivations are,
by II2II 5y ago
> IMO, cryptocurrency seems like a religion.
That implies a sincerity in their beliefs.
While it's difficult to figure out what people's true motivations are, the promotion of new cryptocurrencies, the "get in early" rhetoric, leads me to believe most cryptocurrencies are little more than pyramid schemes. The ability to mint/mine/farm currency without paying in directly doesn't really negate that since it is intended to become more difficult as time progresses. The actual value comes from speculative investments from a growing number of people.
- ziml77 5y agoThe spike in Dogecoin led to people talking about regretting not getting in on it. Feeling like they missed out on their chance. The motivations are clear. They wanted easy money. If it was about having a decentralized financial system then it wouldn't matter that they didn't get in early.