Comment on Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach
jarfil@lemmy.world 10 months agoSomeone had real gold in their coffer full of gold coins, then someone convinced them that credit written down as a number on some slips of paper had the same value, that they could trust the bank’s computers with keeping track of the total value, and everyone clapped.
FlyingSquid@lemmy.world 10 months ago
Banks are usually backed by federal governments, which can control trade. I’d say that’s a huge difference. Money deposited in banks is also often the product of skill or labor. It takes neither to generate crypto. I feel sorry for whoever lost their money, but right now, this is a get-rich-quick scheme for most people involved in it.
Linkerbaan@lemmy.world 10 months ago
Banks are a giant scam. Have you learned nothing from 2008? It’s not that long ago.
Your fiat money is way faker than crypto.