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Posted November 09, 2022 10:40 · last edited November 09, 2022 23:10

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Unknown editor edited November 09, 2022 23:10
paulm
FTX exchange going under now.
Stay away from crypto ponzi schemes and exchanges where you do anything but withdraw bitcoin out to your own wallet. 
Store your bitcoin in your own wallet, look after your keys, don't buy sh*tcoins.


By 'crypto ponzi schemes' I hope you're including Bitcoin, which is one of the biggest ponzi's in modern history.

Down to $17,400 now. Such a great hedge against inflation and store of value that it is down about 74% in a year in nominal terms, or over 80% in real terms.

The "store of value" and "hedge against inflation" arguments purported by Bitcoin proponents is frankly insane, and is set to wipe out life savings and ruin many lives.