342
i love ai in my offline foss softwares that are still in beta (lemmy.blahaj.zone)
submitted 1 year ago by to c/programmerhumor@lemmy.ml
47 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] 6 points 1 year ago (8 children)

Crypto bubbles haven't even begun to crash. People are gonna keep "investing" their life savings into it and keep being blown away when the orice craters again in a few years

  • permalink
  • fedilink
  • source
  • hideshow 8 child comments
    •
  • [–] 4 points 1 year ago* (2 children)

    I am currently setting up my investment portfolio and considering putting like 5-10% into crypto etfs, I literally hate crypto, the only reason I would do it is to bet on people being stupid enough and keeping investing into crypto.

    It would be literally a bet on the HL Mencken quote

    No one in this world, so far as I know […] has ever lost money by underestimating the intelligence of the great masses of the plain people.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 1 year ago (1 child)

    There is no investing in crypto; that's called speculation or gambling.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 6 points 1 year ago

    If you invest in an S&P500 ETF you are betting on the US economy continuing to grow, if you invest in Euro 6xx etf you are betting on Europe to grow,

    If you invest in a world ETF like VWCE you are betting on the world economy continuing to grow, it's still fucking gambling it's just the playing the odds.

    Me investing in a crypto ETF would be me betting that people are stupid enough to keep putting money into it.

  • permalink
  • fedilink
  • source
  • parent
  • [–] 1 point 1 year ago* (4 children)

    This is a delusional take. What are you talking about? Have you looked at Bitcoin lately? It is over $100k....

    Tell me about "craters again" please?

    Cryptocurrencies are about the only tech right now that gives the common people a fighting chance. Never in history has there been a real competitor to bankers and their monopoly on value.

    I hope more people invest their life savings. If they can hold for 5 years, they will be wealthy.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [+] [S] 2 points 1 year ago (3 children)
    [deleted]
  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 1 point 1 year ago

    Crypto solves it by providing an auditable public ledger following mathematical rules agreed upon by all parties utilizing it. It has a predictable and transparent minting process and transactions are uncensored. Transfers are predictable and rapid. You can see exactly what's happening when you transfer. It doesn't stamp generated ids on people, instead the people report their identity to the network.

    It doesn't care how people acquire, so yes, people can use fake centralized money to buy real money if there are sellers willing to do that.

    There are many more benefits, but the point is, yes, it solves an enormous number of serious problems, many of which you definitely haven't considered.

  • permalink
  • fedilink
  • source
  • parent