Comment on SEC says it will deregulate cryptocurrencies with 'Project Crypto'

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NewNewAugustEast@lemmy.zip ⁨3⁩ ⁨days⁩ ago

It was great to trade and move value around. You could send to other countries, or do work for it. But Bitcoin fucked it all by basically being a ponzi scheme. People below will talk about it and how it holds or increases in value. Thats because most people are still buying in and hording it. Making it terrible as a currency.

I never bought crypto, I only traded, bartered, worked for it. I never put it on an exchange or used another company. Another sink of value and a stupid place to keep it. But that is the vast majority of people now.

So it is not good for anything anymore.

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