this post was submitted on 10 Aug 2024
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Technology

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Opinion | Don’t Get Fooled Again by Crypto (www.nytimes.com)
submitted 3 months ago by Hirom@beehaw.org to c/technology@beehaw.org
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[–] technocrit@lemmy.dbzer0.com 2 points 3 months ago* (last edited 3 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.