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Yeah, but the crypto world is dominated by fraud. Things like Tether where they print billions of 100% unbacked tokens claiming they're backed and then use the
by Rule35 6y ago
Yeah, but the crypto world is dominated by fraud. Things like Tether where they print billions of 100% unbacked tokens claiming they're backed and then use the money to wash-trade between exchanges all day.
Not to mention that centralized exchanges are an exit scam waiting to happen.
Most people could not participate in blockchain without dealing with a criminal onramp. (Bitfinex, for example.)
- SwimSwimHungry 6y agoAnd sadly, to your point Rule35, this is why I feel cryptocurrency will never transcend into a truly legitimate investment vehicle beyond gross speculation. There are too many charlatans tied to this industry and they are wide-eyed seeing all the possibilities to hoodwink people out of hard earned dollars whenever they can.
- Rule35 6y agoIf it ever becomes worth anything to the world as a whole it will be because decentralized tools finally took over.