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comment by nowaypablo
nowaypablo  ·  281 days ago  ·  link  ·    ·  parent  ·  post: Ethereum: A Visual Guide

My roommates just learned about the existence of cryptocurrencies. It's been a cringeworthy weekend watching them browse markets and make unruly speculations, set in stone with high-fives all around.

While I've known what they are, and used BTC in high school, I'm glad I have some reading to give them to make my room less horrifyingly ignorant tonight.

veen  ·  280 days ago  ·  link  ·  

By the way, maybe they should also read the Crapcoin Checklist.

    A crapcoin is the term for any coin whose main purpose is to make the founders richer. Typically such coins will use misleading technical-sounding jargon to try dupe investors into thinking they are investing in the next Bitcoin when really they are being sold worthless tokens.
nowaypablo  ·  280 days ago  ·  link  ·  

Oh awesome, thanks for this. I went ahead and followed the veenspace tag and cryptocurrencies to keep a heads up.

veen  ·  281 days ago  ·  link  ·  

Bless their hearts. I'm afraid the only way they will learn is by putting too much money in a worthless exotic coin. (Please make sure they never venture into /r/wallstreetbets or something like that...)

nowaypablo  ·  281 days ago  ·  link  ·  

I still think wsb is a beautiful place.