this post was submitted on 14 Nov 2025
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[–] wampus@lemmy.ca 3 points 1 month ago (1 children)

I'm not a financial advisor or anything, but I've spoken to some informally and how they talk about bitcoin/crypto is interesting. They aren't techbros arguing about the specific mechanisms of different coins or anything. It's framed instead as "Yeah, it's basically a scam, but its one of the few places you can get large returns these days, just gotta make sure you're not holdin the bag when it collapses".

[–] brucethemoose@lemmy.world 3 points 1 month ago

It’s a casino, but with the thinnest veneer of pretense.

Sometimes you see talking heads on CNBC speculate about buying a coke with Bitcoin or something like that, but it’s minimal.

(And yes I know blockchain/crypto have some theoretically interesting uses, but that’s like a tiny fraction of trading volume now).