News for hackers. Stuff that matters.

A comment on Binance Is Fucked. Parent comment

Re:Binance Is Fucked by JackFr on Friday December 16, 2022 @07:29AM (#34013827)
Finance is really about allocating capital to productive uses.

Crypto sits on the border of greater-fool investing and Ponzi schemes.

[ Parent | on HN ]
Re:Binance Is Fucked by brookst on Friday December 16, 2022 @08:56AM (#34014477)
More or less agreed, though crypto also borders gold rush investing, which sometimes pans out. Usually not. But sometimes.
[ Parent | on HN ]