Re:Crypto Fund II
by arcticbull on Thursday April 30, 2020 @11:55PM
(#23038966)
> ... their arguments stem from asking you to ignore certain facts and have faith, usually in the holy whitepaper.
As the scriptures of the great Satoshi Nakamoto [1] foretold, the bankers are coming to steal our net worth through inflation. Therefore, help me move my narcotics proceeds overseas.
[1] (Satoshi is likely the international narcotics and arms trafficking, real-life, super-racist Bond-esque villain Paul "Solotshi" Calder Le Roux: https://www.wired.com/story/was-bitcoin-created-by-this-inte...)
Most cryptos (that are not ICO scams) are hammers looking for nail. Outside of some very niche use-cases, most are non-competitive with centralized payment systems. Keep in mind there is a difference between an investment vehicle and a currency, and just about anything is a decent investment if your risk tolerance is high enough.
The fervor by which they're pushed by fans is almost religious in that their arguments stem from asking you to ignore certain facts and have faith, usually in the holy whitepaper.