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The system is rigged (lemmy.dbzer0.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 3 months ago

This smells like "they got a cure for cancer!" FUD.

[–] [email protected] 0 points 3 months ago* (last edited 3 months ago) (11 children)

Guys this is kinda crossing the line into conspiracy theory territory and, to be frank, enables the whataboutism on the right. Generalized assertions based on "common sense" aren't insightful or illuminating. Please stop.

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[+] [email protected] -17 points 3 months ago* (last edited 3 months ago) (1 children)

Crypto like bitcoin and Ethereum are fighting against the bank monopoly

[–] dream_weasel 0 points 3 months ago* (last edited 3 months ago) (1 children)

Bless your heart.

Crypto is a race to the bottom. Investing in a currency to make money is stupid. Presuming you don't do that, crypto use is mostly supporting untraceable transactions which, by and large, are unsavory.

There is an argument for Bitcoin, but that argument was 6 or so years ago. Right now crypto and blockchain are a really good way to light your money on fire.

[–] [email protected] -1 points 3 months ago

One of the reasons crypto works is that it didn't create money out of thin air like the dollar where they print unlimited money, devaluing everyone's money.

That's always going to a positive which is one of the main benefits of chains like bitcoin over the dollar.

And because of this, Blockchains like bitcoin hold value better than the dollar.

In the last 10 years, the dollar has lost 49% of its purchasing power, as measured in gold.

While bitcoin has increased from $300 to $100,000 in the same time year period an increase in value of 35,287%.

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