thought there would be a crypto thread buy couldn't find one.
Watching a 4 Corners investigation of crypto. I'm a skeptic, but I'd like to think I'm somewhat open minded, or at least not closed minded. A few observations:
The skeptics seem to know their stuff, have good arguments, articulate, convincing. Not all old white guys like me, young people, women, as well as the old white guys.
The supporters seem to be generally lacking in intellectual horsepower, and there seems to be a lot of old white guys. The lack of sophistication, in an field I would have expected some degree of sophistication even if it is a ponzi scheme, is a bit embarrassing in some cases.
It doesn't get used as a currency, even though its supposed to be a currency. People are scared to use it as a currency because it is so volatile, they pay $10 bucks for a beer today at a crypto get-together, tomorrow that $10 might be worth $50. So at crypto get-togethers, where you can pay in crypto, nobody does.
It is money laundering paradise.