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Binance is (likely) just a ponzi scheme built on crypto like FTX. All of this financial speculation on Bitcoin is what true crypto diehards and fanatics loathe
by qbasic_forever 4y ago
Binance is (likely) just a ponzi scheme built on crypto like FTX. All of this financial speculation on Bitcoin is what true crypto diehards and fanatics loathe. The goal of crypto is not for people to be rich off speculation. For the real enthusiasts the goal is to replace every dollar bill in their wallet and bank account with Bitcoin or similar currency. Every transaction--food, rent, etc.--all paid in crypto. No one really cares about a company built solely to speculate on crypto imploding.
- achillean 4y agoI disagree on why people are into crypto, at least based on my own experience as a vendor (https://blog.shodan.io/accepting-crypto-a-vendor-perspective/ https://blog.shodan.io/accepting-crypto-a-vendor-perspective...) and every time there's a survey about why they're in crypto on Reddit. Most of them are in it for the speculation and to get rich. I'm sure there's a small contingent of Bitcoin users that are truly in it for the concept but most of them see it as their lottery ticket to get rich.