me too
this post was submitted on 20 May 2024
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I think there was a potential future where cryptocurrency could've actually been useful, but it was ruined by scammers, rug pullers, and of course, speculators.
I'll still hold a little bit of Monero, since it holds the most potential for being a real currency in my opinion. But otherwise, I fully agree with the sentiment.
It's always only going to be useful for things like buying drugs, cases where you want to skirt regulation or you really want privacy. Which is fine. It can have it's niche. Pretending it was ever going to be more than that was a mistake.
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(21 replies)
Linus Torvalds, creator of Linux, does not believe in cryptocurrencies, calling them a vehicle for scams and a Ponzi scheme.
To be fair, that's because Crypto is a vehicle for scams, and a Ponzi scheme.
The line about safety regulations being written in blood? Financial regulations are written in bankruptcies.
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(8 replies)
What if... crypto currency has been a psyop all along. Ultimately eliminating physical currency and government having full blown control of digital currency.
Use monero
Good