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A comment on El Salvador to airdrop $30 in Bitcoin to up to 6M citizens. Parent comment

Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens by Tenoke on Friday June 25, 2021 @05:33AM (#27628721)
Thats a weird thing to brag about - if talking about past returns there's few 'cash flow producing assets' that'd have done as well as just putting the money in btc.

Also flash loans don't take anything out of your wallet/account either and I know of people whose bank accounts have been hacked.

There's plenty to complain about btc but you've somehow chosen the least convincing argument for why you are a noncoiner.

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Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens by NicoJuicy on Friday June 25, 2021 @05:42AM (#27628786)
Victims of bank fraud mostly receive their money back by the bank.

This one recent example of an crypto exchange that fled with the money, has defrauded more in value than the entire ACH payment system worth ~51T ( fraud = 0,0008 % = 0,08 basis points).

https://www.engadget.com/africrypt-bitcoin-disappearance-174... https://silamoney.com/ach/understanding-the-basics-of-ach-fr...

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Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens by Tenoke on Friday June 25, 2021 @05:48AM (#27628824)
That's not a hack that's a scam.
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Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens by NicoJuicy on Friday June 25, 2021 @10:26AM (#27631162)
Both are labeled as fraud.
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Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens by Clewza313 on Friday June 25, 2021 @05:37AM (#27628751)
Bitcoins do not produce any cash flow, the only way to profit is to sell them to a greater fool.
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Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens by Tenoke on Friday June 25, 2021 @05:40AM (#27628777)
There's plenty of crypto (including e.g. ETH) that does so via staking but that wasn't the point anyway.
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Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens by Clewza313 on Friday June 25, 2021 @06:03AM (#27628888)
No, this was the GP's point. Many of those "salty nocoiners" are invested in assets that produce reliable cash flow, which is considerably safer than holding a purely speculative asset like crypto.
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