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Message
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Posted on 11/9/22 at 11:17 am to Drunken Crawfish
Crypto isn't a hedge against inflation.
Crypto doesn't provide anonymity or protection against government seizure.
Crypto isn't uncorrelated with stocks.
Crypto isn't "hard money".
Crypto isn't going to displace the US dollar.
Crypto isn't going to be used as a currency.
Crypto is basically like a chain letter scheme that burns phenomenal amounts of energy for no reason at all.
Crypto attempted to circumvent the financial regulations, like Uber or Airbnb,that have come to exist for a reason over the past century.
Crypto doesn't provide anonymity or protection against government seizure.
Crypto isn't uncorrelated with stocks.
Crypto isn't "hard money".
Crypto isn't going to displace the US dollar.
Crypto isn't going to be used as a currency.
Crypto is basically like a chain letter scheme that burns phenomenal amounts of energy for no reason at all.
Crypto attempted to circumvent the financial regulations, like Uber or Airbnb,that have come to exist for a reason over the past century.
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