• TrismegistusMx@lemmy.world
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    1 year ago

    You’re giving real money to unregulated corporations run by tech-bros in exchange for a string of numbers that you don’t understand and the promise that you’ll get money back one day.

    Yeah, that’s a scam.

    • GreenBottles@lemmy.world
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      1 year ago

      well that’s the thing regulation is already coming, xrp for example is the first regulated crypto out there. Bitcoin and ether have trillions of dollars of investments from some of the biggest investment firms in the world and Banks all over the world are adopting it as a store of value so you go ahead and tell me that it’s still a scam any more so than any other currency and I’ll go ahead and keep investing in crypto.

      • TrismegistusMx@lemmy.world
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        1 year ago

        It’s as legitimate as any country’s currency, as long as that country is being run out of some random basement closet in Silicon Valley.

        • GreenBottles@lemmy.world
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          1 year ago

          everything that you said so far just tells me that you don’t understand it. Now I’m not saying that a lot of the crypto out there and actually the vast majority of crypto out there is garbage, that’s entirely true, however Bitcoin, Ether, Solana, XRP, Cardano… and several of the most popular and legitimate companies and technologies out there are exactly that, legitimate.

          giant corporations Banks and financial institutions don’t put billions of dollars into investments of crypto without validating the asset

        • GreenBottles@lemmy.world
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          1 year ago

          Also… In September 2021, El Salvador adopted Bitcoin as its second legally-recognized national currency alongside the U.S. dollar.

    • deadlyduplicate@lemmy.world
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      1 year ago

      Why does every criticism of crypto always hinge on attacking the character of the industry is some ad hominem way. Oh the tech is no good because it’s “tech bros” running these companies.