Jure Repinc@lemmy.ml to Technology@lemmy.mlEnglish · 9 months agoDon’t Get Fooled Again by Cryptowww.nytimes.comexternal-linkmessage-square4fedilinkarrow-up117arrow-down18
arrow-up19arrow-down1external-linkDon’t Get Fooled Again by Cryptowww.nytimes.comJure Repinc@lemmy.ml to Technology@lemmy.mlEnglish · 9 months agomessage-square4fedilink
minus-squarellothar@lemmy.mllinkfedilinkarrow-up14arrow-down4·9 months agoCrypto as currency = good. Crypto as investment = bad. First one is technological progress, the other is a Ponzi scheme.
minus-squaremagic_lobster_party@kbin.runlinkfedilinkarrow-up8·9 months agoProblem is that barely anyone use crypto as currency. Almost everybody treat it as a stupid get rich quick scheme.
minus-squarems.lane@lemmy.worldlinkfedilinkEnglisharrow-up1·9 months ago*Barely anyone who doesn’t need to. Russia uses it quite a lot to get around sanctions and their banning from Swift.
Crypto as currency = good.
Crypto as investment = bad.
First one is technological progress, the other is a Ponzi scheme.
Problem is that barely anyone use crypto as currency. Almost everybody treat it as a stupid get rich quick scheme.
*Barely anyone who doesn’t need to.
Russia uses it quite a lot to get around sanctions and their banning from Swift.