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> Crypto has displaced a lot of good investment Ah, because scamming doesn't happen inside the other classes of investments you're talking about

• BobbyJo 4y ago
  It's obviously a matter of both degree and ROI. A TON of money has been poured into crypto with very little social benefit to show for it. Meanwhile, it has become an effective tool for taking money from the ignorant and giving it to criminals. Parent is painting with broad negative strokes, but they aren't far from reality.
  • cwkoss 4y ago
    I would say A TON of money has been poured into Facebook with very little social benefit to show for it. Money attracts sociopaths, who seek positions of power. I don't think crypto is special or unusual in this sense.
    • BobbyJo 4y ago
      I don't understand why you're doing so as if it's a rebuttal, but I'm glad we could agree.
    • pcthrowaway 4y ago
      Exactly. More broadly, the stock market has less "social benefit" than crypto; it's just a glorified way for people to gamble/invest in things loosely tied to economic performance. Personally I think real estate a an "investment market" is doing much more harm to society than anything else right now