They tell you Bitcoin is a form of digital cash that requires no predatory middlemen, but it turns out using it that way is extremely cumbersome and difficult, so almost everyone uses middlemen anyway, and the middlemen turn out to all be wildly incompetent criminals
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"Mainstream financial institutions have gotten hacked" But they didn't just let millions of dollars in people's accounts suddenly evaporate If they did, people would just stop using them
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In an age in which elections can be hacked & personal info being stolen from all kinds of businesses, why would anyone trust a computer based currency?
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The exchanges will always be hacked. Always, always, always. ALWAYS. I cannot stress enough how often these things get hacked. Because the people running them are morons. At least you're not losing anything. It's not real money. Unless you spent real money on it, then welp.
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Morons, or thieves. Often both, although it's hard to tell when the former is a cover for the latter, and when it is genuine.
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ahahaha, it wasn't a MAJOR exchange""!"!!!! pwn3d yuo fiatailure
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"fiatailure", this might be brand new.
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my favorite economic analysis of btcoin concluded that it made absolutely no sense as a currency, but it makes *great* sense as a scam
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so the need to use an exchange, the fees they charge, the constant thefts, these aren't bugs in the system this is the system working as intended
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Cryptocurrency has failed the smell test from the start.
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