/biz/ - Business & Finance

As someone who has kept an eye on crypto since 2009 I have never really seen any attempt to address the realities of it and how it cannot translate to standard markets and practices.

By it's very nature it has set out to obfuscate itself and facilitate nefarious practices from gambling to the drug trade pretty much exclusively.

It seeks to hide money from governments, undermine long standing institutions, and treat all who approach it as potential "bag holders". One could argue that the alt currencies are just part of the larger ponzi scheme that is bitcoin.

No work is done, no value is created, no physical asset exist.

Security is never certain and often compromised. The idea of encryption and hiding things from governments is laughable at best as the means and methods for defeating them are most certainly in the hands of the powers that be.

Most of all the pure toxicity of the community and the discourse that occurs on any of the exchanges along with the belief that they are immune from an eventual crackdown on their practices.

Where you see opportunity and legitimacy every normie I have had personal discourse with and attempted to explain it to see's rooms full of criminals conspiring to do harm.

How do you address these things and move on.