100% Agree. Frankly, I think this article doesn't belong on HN in any shape or form.
It's just people shilling left and right to pretend that cryptocurrencies will be a thing. They aren't and the will never be, because they can't.
Cryptocurrencies will make few people rich, but most people, the ones too ashamed to admit it, will lose it all and then some.
Ask yourself: where does the money come from?
Answer: that lambo is paid with other people's money.
For every 'lambo driver', there are a thousand suckers who lost. And had to lose to pay for that lambo.
I write all of this because I think cryptocurrencies are asinine in every possible way. They play on every weakness humans may have and they undermine our environment and our societies, without anything in return.
And let's be totally honest about this: it was never about banking the unbanked. It was always about one thing, and one thing only: getting rich, no matter the consequences (for others).
It's just people shilling left and right to pretend that cryptocurrencies will be a thing. They aren't and the will never be, because they can't.
Cryptocurrencies will make few people rich, but most people, the ones too ashamed to admit it, will lose it all and then some.
Ask yourself: where does the money come from?
Answer: that lambo is paid with other people's money.
For every 'lambo driver', there are a thousand suckers who lost. And had to lose to pay for that lambo.
I write all of this because I think cryptocurrencies are asinine in every possible way. They play on every weakness humans may have and they undermine our environment and our societies, without anything in return.
And let's be totally honest about this: it was never about banking the unbanked. It was always about one thing, and one thing only: getting rich, no matter the consequences (for others).