Comment on Do people still think crypto is a scam in 2025?Comments−BobbyTables21yCrypto exchanges sure seem like scams…All the convenience and security of a bank account without the security or regulation.People talk up crypto for being decentralized and then park their money in exchanges run by fraudsters…−B-Con1yThis is my favorite part of the whole crypto ecosystem."It's decentralized! Code is law! I own my wallet!"*proceeds to use third party wallet service that handles 40% of all wallets and then gets mad when they're hacked and there's no recovery process".I genuinely believe the vast majority of crypto proponents are financially illiterate.
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Crypto exchanges sure seem like scams…
All the convenience and security of a bank account without the security or regulation.
People talk up crypto for being decentralized and then park their money in exchanges run by fraudsters…
This is my favorite part of the whole crypto ecosystem.
"It's decentralized! Code is law! I own my wallet!"
*proceeds to use third party wallet service that handles 40% of all wallets and then gets mad when they're hacked and there's no recovery process".
I genuinely believe the vast majority of crypto proponents are financially illiterate.