Now you can pay your McMansion with McDollars and help bring about the next subprime mortgage crisis.

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[–] 21 points 1 year ago (1 child)

Can the consideration be "this person makes poor financial decisions"?

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  • [–] [S] 7 points 1 year ago* (last edited 1 year ago)

    The thing with cryptocurrencies is, if you create it out of thin air, mine it, hawk it or hoard it, you're a "crypto investor" - i.e. a swindler - and you can be said to be making good financial decisions - albeit not very moral ones - since you're probably making money out of the scam. However, if you buy or spend crypto and you think it's an honest alternative to traditional currencies, you're clearly a mark.

    This mortgage thing puts anybody who goes for it squarely in the second category. Nobody who's in on the scam would do it.

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