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> Crypto could easily be the largest pyramid scheme in history, I have zero interest in participating even if returns were guaranteed - that's not how I want to make money, I see no value being created in these "investments".

Yes! Exactly!

I have a friend who's doing well from crypto. He bought an NFT for $800 and it's not worth $8,000. Where is the (social) value in that? Except for the social experimentation this is all providing, it's not solving a problem AT ALL!

This is how I feel in a nutshell: if I make $1m today, I want it to be because I solved a hard problem for a lot of people, not because of some meaningless, intangible wishy thinking currency.




What about people buying time pieces (watches)?


In the UK, watches, being mechanical in nature, are not subject to capital gains tax on any profits.

For this reason alone luxury collectable watches are a smart investment for diversification purposes for the ultra wealthy.


Huh! Learn something new every day.


For me they are as good as NFTs


Welll… If you made 1M today from crypto (and ofcourse you did "relatively" no evil in obtaining so) - wouldnt using that 1M later to actually solve a hard problem (or say a social cause) be just as worth it?


No because I'd have to spend time and effort on that thing. I'm not a utilitarian, I enjoy creating and solving problems which is why I chose SW dev. Crypto speculation is the opposite of that.


Most people wouldn't do this, though. Most people don't have the financial IQ to manage that 1M.




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