this post was submitted on 20 Sep 2026
725 points (98.9% liked)
cats
29999 readers
952 users here now
Typical internet cats. Videos, pics, memes, and discussion welcome!
Rule 1) Be kind
Rule 2) Follow the lemmy.world rules
other cat communities
birds, some cats
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Sounds to me like you understand crypto just fine. You can see that there's no value, and therefore a scam. You've got this!
It's always felt like a scam to me, but I can't even count the amount of people who have scoffed or laughed at me for saying so.
It is for this reason, I always say "I'm surrounded by morons. Morons everywhere. Far as the eye can see....."
Talking about those who laugh at you for saying it's a scam. Check back with them in 5 years, and ask them how much money they've profited from crypto. Just don't be surprised when they become hypocrites, and tell you to shut up about those scams.
There are two pitches to crypto: it's an investment and it's gonna be the new default currency.
Is plain wrong, it's a gamble. The trading value of crypto is erratic and unpredictable. Anyone trying to claim otherwise is a scammer.
Cool, I'll wait until then.
I'm surprised (but pleased) that this comment has no downvotes.
If anyone ever sets up crypto for something it's actually good for, I'll support it. But until such time…
Monero is good for when actual private transactions are needed