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Pray tell, in what way are bitcoin, or ether for example, or several other major currencies without central control scams as designed? Or hell, even dogecoin, w
by helloworld11 5y ago
Pray tell, in what way are bitcoin, or ether for example, or several other major currencies without central control scams as designed? Or hell, even dogecoin, whose creator explicitly, openly created as a joke, without ever having control of its later price rises. I know this site is militantly anti-cryptocurrency much of the time but some of these comments like yours just delve into the idiotically, crudely simplistic in their dismissiveness.
- ostenning 5y agoAgreed with the anti crypto sentiment on hn. Not unjustifiable though - the space is actually filled with scams
- krageon 5y agoIt absolutely is, but claiming every single entity in the space is a scam (as the root post is doing) is disingenuous and doesn't help anyone.
- decremental 5y agoWell, it certainly doesn't help anyone who has sank money into crypto. Whether it hurts anyone who hasn't or might be tempted to is a different matter.
- krageon 5y agoPerhaps you feel like speaking an outright lie to "protect" folks is totally fine, but I do not. We're just going to have to disagree.
- ostenning 5y agoTrue, I think there are some promising aspects to crypto, once you weed out the get rich quick scams and the crypto bros
- Traubenfuchs 5y agoAll crypto is controlled by a handful of unknown and known (Elon Musk) actors. They make a tons of money. Some lucky investors make a lot of money. A lot of idiots get burned. Those "currencies" you named are not used as currencies by anyone, but simply as a) investment or b) way to scam others out of their money.