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Comment by staplers | Hacker News Reader

  Crypto seems like the replacement for casinos gambling away your life savings at a desperate time.

I was thinking the same about the stock market. Most launderers use overseas bank accounts.

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Not quite. Stock market has real value. People buy things, consume goods, sell tangible useful things. The market is a reflection of that.

Crypto crapto is the reflection of a giant random number generator that is operated by both VCs and nefarious entities at the same time. It's a competition to see who wins this random number generator...

Being able to launder money is valuable. You've just shown your mental deficit.

Also, the crypto market reflects its value as well. You're playing yourself with your own argument.

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