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Something I just don't get. If you can make 8% or even much more with crypto investments, where does that gain come from? Usually, when one investor gains, another one will lose unless they are investing in a company that increases its worth.
Well I'm young, and I'm a computer scientist, and I worked in cryptography. You're not the only one who doesn't "get it". A lot of this stuff doesn't make sense, even to experts like me.

Our people (not just me, but also PhDs at my last firm) all looked at this stuff, and we basically think it's a kind of convoluted shell game / scam. Lots of techno babble that superficially sounds impressive, but doesn't actually make sense. That's why I don't invest in it.

We even had crypto firms approach our company and ask us to join their ventures in partnership. We analyzed their claims, and rejected their invitation.

When I say this stuff, other young people usually respond and say that I just don't get it. Well maybe, but I am an expert directly in this field (including the cryptography and networks).

It's possible that for some reason, I just don't get it. But if that's the case ... do you really want to invest in something that even experts (like me) can't decipher? That's not a good sign.
 

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Trying to apply it to existing professions would be like trying to explain the internet to industry "experts" from the 70s
The internet began as an academic project heavily funded by the US government, under the ARPA agency, which today is called DARPA. It was an entirely academic project with heavy involvement by seasoned experts across major universities.

It was founded by experts, and under the arm of the US government.
 

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i'll need to part ways with you here friend. 8-9% is not nearly enough to compensate me for the risk of this investment, i.e., unsecured creditor to a fintech
Smart move. You applied sound logic!

Indeed, if Celsius or another one of these exchanges/platforms collapses, the crypto koinz might be seized during bankruptcy proceedings by creditors. This happens because there are no regulations in this area which protect client assets.

Lack of regulation = wild west = asking for trouble.
 
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