Crypto is so "safe:"
Hackers and scammers are constantly stealing it.
If it's on an old laptop and you lose it, tough luck.
Politicians are gaming the system, pumping/dumping, and scamming, making the "value" fluctuate wildly.
It has zero intrinsic value.
And now, self-serving and self-interested politicians want the US public to use our money to buy crypto so private investors can profit.

NYTimes: "The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month"

@petergleick I will play the devil's advocate because it's fun sometimes.

All of these issues exist for money too. You can lose a bunch of cash, give your bank details, cards or laptop access to a scammer. This is a you problem.

Politicians may game crypto sometimes. But all real money is is a politician's game. They do inside trading, print as much money as they want. Banks lie about their reserves and can take money from your account anytime.

On these two fronts I'd say crypto is better as it's a secure, verifiable and decentralised ledger.

There's no intrinsic value in money too. The value comes from others believing it has value - just like crypto.

The value fluctuating wildly is just perspective. An economy that believes in crypto might say - What is this politician propaganda money? its value keeps fluctuating wildly w.r.t crypto and and always falling over time.

#crypto #economics #cryptocurrencies #blockchain #bitcoin #monero
@bshankar @petergleick found another moronic crypto bro dick sucker