On: Crypto.com accounts had unauthorized withdrawals

[matheusmoreira]

> This company is literally at the apex of the crypto industry

Cryptocurrency was not even supposed to have these pseudobanks called exchanges leading this space. It wasn't even supposed to be an "industry".

People were supposed to mine cryptocurrency on their own commodity hardware and use that to transact amongst themselves.

[HaZeust → matheusmoreira]

Almost like its core mission statement was only led by the voluntary virtuosity of its participants - and wasn't as novel as previously thought. Huh.

[imtringued → HaZeust]

It's basically a digital gold standard and the gold standard hasn't lead to an enlightened society either.

"Insanity is doing the same thing over and over again and expecting different results."

For me there are really only two alternatives. Negative interest on cash or competition among currencies (free banking). All those people shouting that Bitcoin should become the global reserve currency don't actually understand that a global reserve currency is a terrible idea and are only in it for the money.