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points by Analemma_ 6 hours ago | 0 comments
I keep saying this: don't bother trying to dunk on crypto people with accusations like this. To a first approximation, nobody in crypto actually believes in the stated principles of anti-centralization, freedom, etc. It's entirely about number go up and always has been. Your charge of hypocrisy just bounces straight off people who never cared about the politics.
[–] wolvoleo 6 hours ago
In the beginning of crypto people believed in it. But as the numbers went up and up and up it attracted the wrong people. And the original people left.

Now the traditional banking system is basically rebuilt in crypto. The banks are busy the exchanges. The EU even talk about making it illegal to store money in your own wallet.

[–] pixl97 4 hours ago
It's money, did you think it wouldn't attract the wrong people?!

This is what happens when people don't think things thru.

[–] grey-area 5 hours ago
The traditional banking system does not use cryptocurrencies.
[–] wpietri 5 hours ago
It's still useful for the portion of the audience that doesn't realize the depth of the fraud.
[–] kalaksi 6 hours ago
It's a poor dunk anyway. The crypto space is vast and has many kinds of coins and communities/people. Some people seem to think it's still 2012.
[–] hocuspocus 5 hours ago
Well at least in 2012, people who cared about the space seemed to understand the guarantees a blockchain is supposed to provide.