- Joined
- Sep 23, 2020
- Messages
- 8,531
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"You're inving disaster"To me, and I grant this is just my lay opinion, you're inviting disaster to put your money into something that is deliberately stripped of all the safeguards and other legal protections against bad actors, unlike the traditional monetary system, which has, at least attempted, to protect the consumer from fraudsters.
A very small number of people who are in on the scam will get wealthy while the rest are all victims of the likes of SBF.
I think that's really stupid.
I don't think so. Is there risk? Yes but this is a game for men and not boys. People can invest in Johnson and Johnson or Pfizer for stable dividends and small capital gains. Wait a second. Johnson and Johnson is involved in a huge lawsuit (baby powder) and Pfizer has been sued many times and paid huge amounts (billions) for killing people. I guess I can choose to invest in companies that are killing people or making garbage products like Tesla or invest in bitcoin which is currently helping feed people in countries with very high inflation.
https://angeloslaw.com/legal-blog/2...oSmithKline paid the,diabetes drug to the FDA.
"The traditional monetary system has at least attempted to protect the consumer from fraudster."
Credit cards invite fraud and make you give your personal information including the 3-digit number on the back. Bitcoin is superior in that you don't even have to share your name to transact and the transaction is recorded on the ledger.