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Crypto.com was advertised incessantly during major Australian sporting games. Mainstream cryptocoin corporations have clearly targeted low-information consumers
by thundergolfer 4y ago
Crypto.com was advertised incessantly during major Australian sporting games. Mainstream cryptocoin corporations have clearly targeted low-information consumers and it’s an indictment on our society that this advertising wasn’t regulated out of existence around 2018.
So many Australians are going to lose savings they really need. Thank god at least for superannuation, the actual wealth building project they should be throwing their money into.
- justinclift 4y agoHopefully no super funds were dumb enough to get involved with this stuff.
- somerandomqaguy 4y agoEeeehhhhhhhhhh........ Ontario Teacher Pension lost about $95 million USD in the FTX fiasco and the Canadian Pension Fund lost roughly $99 million USD when Celsius got shut down. Granted the investment is small compared to their entire portfolio; the Ontario Teacher pension is $221 billion CAD in assets, and the CPP is $551 billion CAD in assets. So it's not a disaster, but still kind of annoying.
- throwaway5959 4y agoAustralians are going to lose far more of their wealth to housing than crypto. But yeah crypto is trash. Edit: lol immediately downvoted. Guess parent is in on the scam that is Australian housing.
- rognjen 4y agoYou can't downvote replies to your comments on HN.
- dividedcomet 4y agoYou can live in housing, you can’t live in Crypto.