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A comment on Three Arrows Capital has defaulted on a loan worth more than $670M. Parent comment

Re:Three Arrows Capital has defaulted on a loan worth more t... by idiotsecant on Monday June 27, 2022 @12:41PM (#31897103)
This isn't necessarily true. A lot of people have held crypto since you could purchase it for single digit American dollars because they believe in the fundamental tenants of crypto - permissionless world financial exchange where the levers and dials of the economic systems are not controlled by world governments.
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Re:Three Arrows Capital has defaulted on a loan worth more t... by Rebelgecko on Monday June 27, 2022 @12:48PM (#31897230)
If they believed in crypto as a unit of financial exchange, wouldn't they be actually using it for transactions instead of going full-HODL?
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Re:Three Arrows Capital has defaulted on a loan worth more t... by idiotsecant on Monday June 27, 2022 @01:24PM (#31897743)
Cuyrrently (and at a few points in the past) it's a little hard because the value of crypto is fluctuating so wildly but a lot of early adopters have continuously been using and advocating adoption of crypto for a decade now.
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Re:Three Arrows Capital has defaulted on a loan worth more t... by kayamon on Tuesday June 28, 2022 @08:32AM (#31906816)
The moment Target start accepting Bitcoin/Lightning payments, yes, I'll be buying all my groceries via that thank you.
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Re:Three Arrows Capital has defaulted on a loan worth more t... by jpambrun on Monday June 27, 2022 @01:50PM (#31898113)
It is probably true that 99.9% of people with crypto use it as a speculative investment. The remaining 0.1% true crypto idealist may exist, but I have never met one. So it makes the previous statement very much mostly true.

This type of disingenuous argument is why some of us rejoice at the crypto meltdown.

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Re:Three Arrows Capital has defaulted on a loan worth more t... by Zpalmtree on Monday June 27, 2022 @02:31PM (#31898677)
Most people in crypto I know like crypto and the cool tech it is developing, and also want to make money. What is wrong with that?
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Re:Three Arrows Capital has defaulted on a loan worth more t... by jaywalk on Monday June 27, 2022 @03:17PM (#31899411)
There's nothing wrong with wanting to make money. The problem is that many (most? the vast majority?) of the ways to make money with crypto are basically pyramid scheme-type scams.
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Re:Three Arrows Capital has defaulted on a loan worth more t... by randomhodler84 on Monday June 27, 2022 @02:01PM (#31898248)
Pleased to meet you jpambrun!

I am one of those 0.1% idealists.

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Re:Three Arrows Capital has defaulted on a loan worth more t... by bandrami on Monday June 27, 2022 @10:08PM (#31903337)
Can you name me a single good or service priced in BTC? If it's not a unit of account it can't be a store of value.
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Re:Three Arrows Capital has defaulted on a loan worth more t... by randomhodler84 on Monday June 27, 2022 @10:58PM (#31903596)
My mate bought some beers for 87k sat the other day. A family member spent 40k sats on groceries a few months ago.

I’m actually tracking it for art

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Re:Three Arrows Capital has defaulted on a loan worth more t... by idiotsecant on Monday June 27, 2022 @02:15PM (#31898457)
As am I!
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