{"id":6509,"date":"2022-01-10T08:03:00","date_gmt":"2022-01-10T07:03:00","guid":{"rendered":"https:\/\/www.hanshafner.de\/blog\/?p=6509"},"modified":"2022-01-10T07:13:50","modified_gmt":"2022-01-10T06:13:50","slug":"the-case-against-crypto","status":"publish","type":"post","link":"https:\/\/www.hanshafner.de\/blog\/2022\/01\/10\/the-case-against-crypto\/","title":{"rendered":"The Case Against Crypto"},"content":{"rendered":"<div class=\"postie-post\">So if you sell your crypto and make a profit in dollars, it\u2019s exactly because a greater fool bought it at a higher price than you did. So every dollar that comes out of a cryptocurrency is because a later investor put a dollar in. They are inherently zero-sum by design, and when you take into account the casino (i.e. exchanges and miners) taking a rake on the game then the entire structure becomes strictly negative-sum. For every winner there are guaranteed to be multiple losers. It\u2019s a game rigged by insiders by hacking human psychology.<br \/>\n <a href=\"https:\/\/www.stephendiehl.com\/blog\/against-crypto.html\">www.stephendiehl.com\/blog\/against-crypto.html<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>So if you sell your crypto and make a profit in dollars, it\u2019s exactly because a greater fool bought it at a higher price than you did. So every dollar that comes out of a cryptocurrency is because a later investor put a dollar in. They are inherently zero-sum by design, and when you take [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[],"class_list":["post-6509","post","type-post","status-publish","format-standard","hentry","category-lifestream"],"_links":{"self":[{"href":"https:\/\/www.hanshafner.de\/blog\/wp-json\/wp\/v2\/posts\/6509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hanshafner.de\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hanshafner.de\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hanshafner.de\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hanshafner.de\/blog\/wp-json\/wp\/v2\/comments?post=6509"}],"version-history":[{"count":0,"href":"https:\/\/www.hanshafner.de\/blog\/wp-json\/wp\/v2\/posts\/6509\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hanshafner.de\/blog\/wp-json\/wp\/v2\/media?parent=6509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hanshafner.de\/blog\/wp-json\/wp\/v2\/categories?post=6509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hanshafner.de\/blog\/wp-json\/wp\/v2\/tags?post=6509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}