Cyrptobro's trying to get me into cryptocurrency with things like "yeah but the price per BTC is suuper low now, just under 20K"
And I'm like "cheap? And where were you when it was still under 9 bucks per coin"
Probaaaabably not even born 
I could never image the prices so to up like this but..
..what more amazes me is all the stupid crypto scams that have been going since 
It's almost like common sense is just thrown out the door and people start believing in magic 
Just because it's happening on the internet with a fancy new technique doesn't mean you can endlessly print money from thin air, it has to come from somewhere
🇳🇱
@stux I made a **lot** of money on crypto.. I invested in ethereum the first day it was released.
Never touched BTC though that one is kinda pointless IMO
@freemo Sure but it has to come from somewhere 😉
@stux That is a fallacy of economics.. wealth is not a fixed quantity, things that provide utility cause wealth to be created (and can also be destroyed)... so no the money doesnt have to "come from somewhere".
@freemo Indeed! And that's why we have money! and that's (mostly) regulated and checked, we may don't like it but the chances of a bank owner just taking off is less likeley
Every fool can start a coin or exchange or crypto bank, gather resources and be gone or whatever with almost no consequences because we lack the rules
With crypto one can get away with a LOT more in comparison to "dollar crime" for example
@stux Yea the fact that you have **privacy** with your money with crypto is a feature not a bug... Crypto is like the firefox/librewolf of money where normal cash is like the microsoft edge/chrome of money.
@freemo no, in this case it's not a feature but a bug in the "system"
It's not right people can get away with scamming millions upon millions
Why are people like Jake Paul not in jail? They are pretty known for all the shit they do
@stux Thats like arguing against encryption because bad people can use it to hide what they do. and some people might use that hide bad things.
Its hard for me to see why you think encryption should be allowed, when it can and is used to hide people doing bad things, but privacy and self-control over my money shouldnt be allowed for the same reasons?
@freemo No, that's not close
Encryption is used so widely for so many things so prob 99% of it's usage is for good
and encyption doesn't cause millions damage each day over and over
there should be regulation for big corps like FTX and other exchanges or busineses that evolve around crypto, not the avergage person..
how can you be against setting up a system that prevents massive theft?
> Encryption is used so widely for so many things so prob 99% of it's usage is for good
Ok so your saying we should adopt crypto currency and have it replace 99% of money cause then you can say its used for 99% of things and therefore mostly used for good?
Hey its your logic man im just rolling with it :)
> and encyption doesn't cause millions damage each day over and over
Sure it does... everytime someone does something illegal that costs millions in damage, anything, if they didnt have encryption then they wouldnt have been able to do it because everything they say or do can be listened in on... you cant cause millions in damage if you arent allowed to have any secrets...
You think those huge companies that cause tens of millions in **intentional** damage to society would be able to get away with it if they didnt have encryption?
Wait regulation only should apply to big companies? No, it should apply to everyone.
I never said I was against regulation. I said I was against your view of cryptocurrency as a bad thing, in particular that having privacy around my money is bad... regulate all you want, but do so without infringing on my right to privacy.
> how can you be against setting up a system that prevents massive theft?
I am not, so long as you dont try to take away my freedom of privacy to do it... and so long as you dont prevent me from deciding myself how I want to trade with other people.
