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Wait a minute. You decided not to invest early, despite expecting it to be massively profitable because you were worried about the morality of allowing less com
by sacrosancty 4y ago
Wait a minute. You decided not to invest early, despite expecting it to be massively profitable because you were worried about the morality of allowing less competent people to try the same thing in future? Are you sure that's really the truth and you weren't just too hesitant and now you regret missing out so you've gone all salty?
- empraptor 4y agothey said odds were good, but maybe they're not much of a gambler. and sounds like they views cryptocurrencies as being something akin to scammy MLM or Ponzi scheme rather than an investment. i haven't bought any myself. i just enjoy reading tech and economics stories in general so i've been reading about cryptocurrencies since 2013 or so. but i don't intend to buy any unless one fulfills some need i have better than other solutions. and i certainly don't intend to hold onto any if i can help it.
- hnthrow1010 4y agoCrypto tokens are absolutely a scammy MLM or ponzi scheme. They're not investments. No profit is derived from the token itself, no one is holding bitcoins to do useful work with them. The value comes entirely from speculation and from miners pumping the price so they can recoup their investment in mining equipment and energy costs. They're also not "currencies", they function incredibly poorly for that purpose.
- Retric 4y agoAlmost, I wasn't worried about people trying to time the market. I was worried for the suckers who actually believed the hype. Look morality is only meaningful when it comes at a cost. I sincerely hope you are discouraged from scamming, robbing, kidnapping etc because you think it’s wrong rather than insufficient gain to be worth the effort.