this post was submitted on 20 Sep 2026
751 points (99.0% liked)

cats

29917 readers
1985 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

midwest.social cats

cats with jobs

birds, some cats

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] JustPlainDave@lemmy.zip 1 points 4 days ago (2 children)

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.

[–] Zwiebel@feddit.org 5 points 4 days ago

There are two pitches to crypto: it's an investment and it's gonna be the new default currency.

  1. Is plain wrong, it's a gamble. The trading value of crypto is erratic and unpredictable. Anyone trying to claim otherwise is a scammer.

  2. Cool, I'll wait until then.

[–] Lost_My_Mind@lemmy.world 5 points 4 days ago

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.