/biz/ - Business & Finance

Ok stay poor

can't tell if statist cuck or shiny rock collector

Defi and crypto should exist.
We live in a time where banks and exchanges can't be trusted. People need control over their own livelihoods. If you do the usual Googlable standards of security, you'll be fine and you can cash out anywhere.
Governments make crypto terrible, not crypto itself. The only reason crypto is such a pain in the ass to deal with in the US is because of regulation, not because it's crypto.
>but I lost a lot of money
So you blame what you lost for the loss?
>Someone stole my TV, that's it, I'm done with TV!

>>56484491
Banks exist, there is no need for this dark market - most people will never want to use or be associated with this industry.

>>56484503
There is no need for you to be posting this garbage either, yet here you are

>>56484441
Cash was the original trick to make people consolidate their entire life’s worth of work into something that can be stolen.

Crypto is being used to build the mark of the beast system. This is the only accurate answer.

>>56484441
If it is used for illicit finance then it does have value. So the OP statement is internally contradictory and, therefore, false in some way.

>>56484456
https://twitter.com/AlexanderGrieve/status/1717849090451468691

>>56484503
>Banks exist
Until they don't.
There have been a few wallet hacks in the past, I'll admit, but we're late stage to that arena. If MetaMask held your data anywhere at all, you'd have heard about a massive hack by now. The most likely hack would be a browser hack but even then, you can't restore an account without a passphrase to even attempt to hack it, which isn't stored anywhere.
Metamask doesn't have 50 Indians on call to scam your identity with. They don't have bills for some asshole to sort through to get enough of your information to try and they don't have greedy upper management idiots willing to dump the company for profit until it falls apart.
If anything is a scam, it's the establishment seeding your mind with the idea that this free, community-made industry isn't legitimate. It's no less legitimate than running Linux instead of Windows and like my OS, my funds are freer than yours.

>>56484598
yeah I'm sure banks and governments will be superseded by web3 in just two short weeks from now. You all underestimate how stupid the public is, they can't even tell the difference between a phishing popup and their official bank portal, much less be MUH SOVEREIGN CITIZEN and manage their own 2FA/PKI accounts. There will ALWAYS be demand from plebs for custodians and rulers, and the plebs will always laugh as the government stomps out tiny green frog crypto dreams.

>>56484621
still here
getting stronger every day
cope and seethe

>>56484621
This isn't a banks vs crypto situation. They can coexist, even benefit eachother but with mindsets like yours at the helm, you're not making it easy.
Not everything has to be a fight. Banks just want crypto gone because it effects their bottom line.
Simple as.
Lol, as if any of them care about your funds or safety. That's a laugh.

>>56484441
>>56484503
You are a jew.

>>56484444

>>56484441
Wait until you figure that this applies to 99% of financial assets. Everything is a ponzi, figure out how to make money out of it and stop being a doomer fag