Crypto is a huge scam of modern times. There is no function or need for crypto. Everything they do is already done more quickly and efficiently by normal means. This has all the telltale signs of a bubble, the hopes, the mania, the rationalizations, the defenses, and none of the common sense.
Its only value is that it is going up. That's it. Once it doesn't have that, it's worthless. 95% of arguments revolve around how much money you could have made if you hopped in on the bubble. Yea okay. You could have also made money in the housing bubble, didn't change the fact it was a bubble.
And stop calling it a currency. Less major retailers and shops want crypto now than last year. It's a highly speculative asset, not a currency.
>Better than Federal reserve dollars
Actually about as bad if not worse. Money literally from nothing, from software. It's not even paper.
>It's anonymous
Actually the opposite, everyone can see what you do
>It's the next mumbo jumbo new-fangled blockchainy technology-wology that you're too stupid to understand
And that you're too stupid to explain. Big on words, small on explanations. "It's too complicated for you to understand" is a MAJOR sign of a SCAM.
>It can never be banned
Yea but if it carried a jail sentence, I doubt anyone would sincerely use it. Plus every whisper of a new ban or regulation sends the asset prices through the floor.
And my personal favorite
>It's the next big revolution in banking and finance
No, it's not. In fact once it blows up you're going to ironically get more laws and regulations you don't want. The exact opposite of the original intention.
