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I'm really interested in cryptocurrencies and excited about their future, but I'm disgusted by their use as a platform for scams. I'm afraid that I support this
by api 9y ago
I'm really interested in cryptocurrencies and excited about their future, but I'm disgusted by their use as a platform for scams. I'm afraid that I support this, and I really wish people in the cryptocurrency community would do more to educate people about scams.
Of course I suppose it's futile. Once this kind of mania takes off it takes on a life of its own.
- ryeguy_24 9y agoI think scammers are drawn to irreversibility of transactions (at least for the cryptocurrencies that I know). Can't call your credit card company and cancel the transaction.
- loceng 9y agoAre you interested in crypto-assets if they're not structured like a Pyramid-Ponzi scheme, where wealth is redistributed weighted towards the earlier adopters - or are you excited about the potential of blockchains? We already have currencies that worldwide could be transferred to a blockchain crypto-asset structure via governments destroying money ('take out' of traditional circulation) to put onto an immutable digital blockchain ledger, as opposed to someone receiving currency of choice in exchange (E.g. I give you this digital thing you call a 'coin', and you give me $1 USD). If the main value is truly in the decentralized and immutable ledger aspects, then its use can eventually be State/government-mandated, instead of gaining collaboration through unreasonably incentivizing its adoption, no?