[catnipman]

and another myth of "blockchain" is exploded: namely "decentralization" is supposed to be some kind of avant garde virtue where everyone is in charge and supposedly no one is in charge ...

the solana "token" demonstrates what happens when "decentralization" glitches ... A central authority has to step in and coordinate the "restart" of the blockchain AND the "value" of the decentralized "token" collapses ...

and besides, who wants the VALUE of their money dependent upon the IT-reliability of their bank? When ATM networks have brief outages, it's an inconvenience that one can't access their money without writing a check or actually GOING TO THE BANK, but the VALUE of the money remains unchanged ... not so when "decentralized" funny money has glitches ... it actually loses VALUE when glitches occur ...

C'est la vie in the crypto world ...

[HamiltonJay]

Crypto, the entire industry, is a fraudulent money laundering scheme…

Period.

[texas booster]

Modern banking was created by the Spanish and the Dutch in the ... 1600’s I think.

It has had generations for us to spot its weaknesses and correct them.

Crypto banking still has a long way to go.

[whistleduck]

Just gobleygoop. Word salad camouflage. Suckers.

[jeffersondem]

I do not understand crypto currency, except that the creators of the new stuff say it is better than “old money.”

And, they say, they are willing to take the debased and soon to be worthless money off your hands and give you the good stuff; they want to help.

I read that some guy bought 75 cents worth of bitecoin a while back and is now a billionaire. That sounds almost too good to be true.

I'm skeptical.

[Robert DeLong]

It pales in comparison to the reported 10 trillion lost in stocks & bonds. I’m not boosting cryptocurrency in the least,because it’s just another form of fiat money.

[Alberta's Child]

Solana has lost over $50 billion in value since the beginning of 2022 …

The opening sentences exposes the idiocy of cryptocurrency. If cryptocurrency had any value at all, you wouldn’t see constant references to its changes in value against another currency.

So the only real value it has is that it can be exchanged for another REAL currency.

[Codeflier]

I am kind of agnostic about Cryptocurrency. However, I do find it strange that so many people against it seem to put absolute faith in US fiat dollars that are being greatly devalued right in front of them. I just shake my head at the willful blindness.

[Organic Panic]

And if the crypto is anonymous, decentralized, and unackable how are governments able to seize crypto “assets?”