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> Crypto will get there No, it won’t. Crypto is solely, and entirely, a means to commit crime. Some of that crime is “OK” like evading currency controls in pl
by CPLX 4y ago
> Crypto will get there
No, it won’t.
Crypto is solely, and entirely, a means to commit crime. Some of that crime is “OK” like evading currency controls in places we don’t like or buying drugs we think should be legal. The rest is normal kinds if crime.
It’s not an asset, it has no productive value whatsoever.
Nobody is going to learn anything except “wow that was fucking stupid we shouldn’t do that again” and then all the people who learned that will die, and then we will, in fact, do it again.
Investment scams are literally as old as the concept of investment.
Every ounce of energy and mental effort spent on crypto will be wasted.
- brookst 4y agoMeh. Crypto is both a technology and a business. The business side of crypto is mostly, but not entirely, somewhere between pipe dream and scam. But the underlying tech is useful and will make its way into traditional markets.