Look I get the fear of it but I think they whole scammy and not thing was a spyop to poison public opinion why do u think they got all the propaganda agents in on it.
The dollar is a pyramid scheme that scams people out of their life savings every day. It’s called inflation. It’s generally hard to see in your savings account day to day, but if you work for 30 years, for example, you can really see it in your retirement account, because that $500,000 or more in your retirement account can’t buy nearly what it could when you started work at age 20. Everybody needs to flee fiat currencies such as the dollar and go to some sort of cryptocurrency where the rules are known and cannot be changed or go to gold.
You’re right and you’re wrong — mostly the latter.
Yes, capitalism is its own large con game but you cannot in good faith compare inflation with the risks of unregulated speculation and flat out scams inherent in cryptocurrency.
At least there are (arbitrary and insufficient) securities built into traditional economic systems to assure account holders when banks crash or fold. There are no such regulations with crypto and, as the linked piece points out, crypto bros only pay lip service to the establishment of such investor insurances.
muntedcrocodile@lemm.ee 8 months ago
Look I get the fear of it but I think they whole scammy and not thing was a spyop to poison public opinion why do u think they got all the propaganda agents in on it.
halm@leminal.space 8 months ago
Or, or it actually is a pyramid scheme that has conned people out of life savings. Hanlon’s razor, no “psyops” required.
shortwavesurfer@monero.town 8 months ago
The dollar is a pyramid scheme that scams people out of their life savings every day. It’s called inflation. It’s generally hard to see in your savings account day to day, but if you work for 30 years, for example, you can really see it in your retirement account, because that $500,000 or more in your retirement account can’t buy nearly what it could when you started work at age 20. Everybody needs to flee fiat currencies such as the dollar and go to some sort of cryptocurrency where the rules are known and cannot be changed or go to gold.
halm@leminal.space 8 months ago
You’re right and you’re wrong — mostly the latter.
Yes, capitalism is its own large con game but you cannot in good faith compare inflation with the risks of unregulated speculation and flat out scams inherent in cryptocurrency.
At least there are (arbitrary and insufficient) securities built into traditional economic systems to assure account holders when banks crash or fold. There are no such regulations with crypto and, as the linked piece points out, crypto bros only pay lip service to the establishment of such investor insurances.
DmMacniel@feddit.de 8 months ago
Fear? No I don’t fear that bullshit that’s used primarily for even more bullshit.
halm@leminal.space 8 months ago
I have some bullshit to trade for your bullshit, can I bullshit you into raising the bullshit price of my bullshit over yours?
DmMacniel@feddit.de 8 months ago
Heck yeah let’s trade horse manure.