this post was submitted on 10 Aug 2024
87 points (100.0% liked)

Technology

37669 readers
216 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
alyaza@beehaw.org
TheRtRevKaiser@beehaw.org
gyrfalcon@beehaw.org
rs5th@beehaw.org
coldredlight@beehaw.org
Los@beehaw.org
SemioticStandard@beehaw.org
TheRtRevKaiser@kbin.social
remington@beehaw.org
87
Opinion | Don’t Get Fooled Again by Crypto (www.nytimes.com)
submitted 2 months ago by Hirom@beehaw.org to c/technology@beehaw.org
67 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] technocrit@lemmy.dbzer0.com 2 points 2 months ago* (last edited 2 months ago)

This whole article is dishonest nonsense. So many lols.

Apparently unwilling to put their full faith in a trustless technology,

Just like people are unwilling to put their money under their mattress.

Moreover, it has become clear that risks could spill over from decentralized finance to traditional finance,

Maybe "traditional finance" is an unstable scam too. But these people would never hint in that direction.

Its volatile value, which is evident in its wild price swings in the last few days,

How does Bitcoin look over the long term though? If going from $0 to $60,000 is volatile, then I'll take it. It's doubled since the past year. These articles that extrapolate from a "few days" are just opportunistic sleaze.

Don't get me wrong. Bitcoin is a bad "investment" versus other cryptos. But these articles are dishonest trash.