this post was submitted on 15 Jun 2024
40 points (91.7% liked)

Comradeship // Freechat

2075 readers
91 users here now

Talk about whatever, respecting the rules established by Lemmygrad. Failing to comply with the rules will grant you a few warnings, insisting on breaking them will grant you a beautiful shiny banwall.

A community for comrades to chat and talk about whatever doesn't fit other communities

founded 3 years ago
MODERATORS
felipeforte@lemmygrad.ml
40
Why cryptocurrency and NFTs are horrible (lemmygrad.ml)
submitted 1 month ago by ahriboy@lemmygrad.ml to c/comradeship@lemmygrad.ml
26 comments fedilink hide all child comments
 

First of all, the hype of different blockchains has garnered attention. People who fall into the hype hasn't learned about the financial literacy and the risks of investing into those.

When Axie Infinity became popular in my country, influencers have started promoting the game and so-called scholarship, which is to refer to a new player. Within a few months of playing, people lost money. Influencers haven't spoken about the players losing money.

Remember, investment into such blockchains carries a risk. Those are called the digital Ponzi scheme by some people.

you are viewing a single comment's thread
view the rest of the comments
[–] Finiteacorn@lemmygrad.ml 5 points 1 month ago

bruh it is literally just a write only ledger + wasted energy, there is nothing about crypto that is innovative aside from a new coat of paint for all the same old scams.