• LePoisson@lemmy.world
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    27 days ago

    I hate that humans really do the dumbest shit and sometimes it benefits other bad humans because the ignorant ones don’t realize they’re getting fucked.

    Crypto is a perfect example. It’s being traded and treated like a security but it is literally backed by thin air. Bitcoin is a huge bubble propped up by speculators and sooner or later it will come tumbling down.

    I do wish I was brave or stupid enough to buy into crypto because it can pay out but only because the people who are all in on it don’t actually know how it works. It’s definitely mostly just rug pulls and scams in crypto land.

    The idea of a decentralized global currency is not bad per se but all the current implementations of crypto are bad and not being used like currency at all.