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A comment on Banks Are Fleeing Crypto. Bitcoin Investors Should Be Worried. Parent comment

Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by ozim on Tuesday January 10, 2023 @05:27AM (#34322777)
I just wanted to add perspective that for these cabbies and normal people it was gambling.

It was not “get free from the government” it was not about convenience of digital payments or whatever crypto promise was there.

For normal people it was get rich quick scheme and that is why advertising was so annoying.

I agree with parent comment - in the end it never really mattered for normal people.

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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by joyfylbanana on Tuesday January 10, 2023 @05:44AM (#34322894)
Though for many normal people it was also about buying drugs online which could be seen as "get free from the government" kind of thing
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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by trenchgun on Tuesday January 10, 2023 @08:02AM (#34324180)
There are orders of magnitude more crypto gamblers than people buying drugs online.
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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by pif on Tuesday January 10, 2023 @08:46AM (#34324760)
If you buy drugs for which you need to hide from your democratic government, then you are not normal people: you are a criminal.

Good riddance!

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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by red-iron-pine on Tuesday January 10, 2023 @10:58AM (#34326802)
It was gambling for everyone. Investors just had more to lose, more options to help hedge, and, in theory, more financial knowledge.

It's not a commodity, and it's utility as a currency was debatable.

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