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Crypto is a scam propped up by criminals and price manipulators, both seeking profits at the expense of idiots. It has achieved nothing it promised, defrauded a
by superchroma 4y ago
Crypto is a scam propped up by criminals and price manipulators, both seeking profits at the expense of idiots. It has achieved nothing it promised, defrauded a lot of honest investors and made a lot of undeserving people unreasonably rich. Everybody involved in creating a cryptocurrency should be in prison.
Due to the existence of crypto/real currency exchange and the casual participation of whales who dwarf the community of real users, it is completely and utterly vulnerable to real world economic trends, rendering it useless as any kind of hedge. It has demonstrated time and time and time and time again that it is ludicrously vulnerable to exploitation in a thousand different dimensions even the most fiendishly clever people can't predict, and has wasted a spectacular amount of power for no real return. It has led to a disgusting and desperate financialization of anything and everything that has social relevance, to try and smear even a smidgen of that relevance on crypto itself, as it desperately searches for a use-case to justify itself, and it has created a generation of grifters who clog our content spaces with nonsense information about it.
Truly a great pox of our time.
- mikhael28 4y agoPreach.