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Thats what they were saying about crypto too


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That’s what they said about crypto…

And they told us crypto was scammy

Crypto enthusiasts have been saying that for the past 14 years.

basically all of crypto is

I’ve been hearing exactly this since I started messing with crypto in 2011.

That sounded great until "cryptocurrency" bit.

Isn’t that essentially what’s happening to Crypto in general?

This is pretty much true for almost all of crypto.

This same comment appears on every single crypto post. if it was actually true do you think people would have stopped posting about crypto in the past six years or so?

Yes but the crypto folks didn't do that, they were busy chasing nfts.

Pretty spot on. Investing in cryptocurrencies at this stage was just about taking money from the ones who got in after you.

Wasn't me, but I think people are getting tired of this bizarre crypto optimism. You think crypto is going to redistribute wealth to the masses? People with all the wealth also have all the power and control all the weapons. Think they'll just give it all away? The currently powerful will either make crypto serve them or will make it illegal.

The statement cracks me up. Without these exchanges, crypto would still be a small blip on the radar. It would continue to be nothing but a hobby for techies, libertarians, and techie libertarians, forever.

If it's ever going to become more than a playground for scam artists, the industry needs real leadership that doesn't just brush every scam away with a meme.


sounds like they're throwing good crypto after bad crypto...

PS. A lot of people have been saying crypto is all scam and BS back in 2016. Probably even much earlier. It's not just me.

Crypto has been such a proven failure yet people still say these things on the regular.

I recall having a conversation in about 2016 with a lawyer who was looking into crypto for potential opportunities. After a thorough analysis, he said, “In a few years, all these people will be in jail.”

He was right.


Yup. Crypto is basically a pump and dump on a very large scale.

Whoever said "Traditional financial systems are rigged with fraud! Crypto solves this" RIP

Until the days people are gullible, any amount of tech doesn't solve the problem. Even worse, most people don't understand the slightest of how crypto works and will be easily rigged in crypto world!

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