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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.

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?
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.
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.

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.
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

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!