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I want poor people to stop losing their money to scammers. This is primarily who loses money in pump and dumps. Rich people pump the currency, recruit, then dum

I want poor people to stop losing their money to scammers. This is primarily who loses money in pump and dumps. Rich people pump the currency, recruit, then dump. FOMO hits the poor way harder than it does the rich. Rich people have lots of places to invest their money that give good returns and they don't need to "get rich quick". I want cryptocurrencies shut down so they stop using insane amounts of power so that people can gamble. We all indirectly gain if cryptocurrencies cease to exist, because less carbon will be released into the atmosphere.

yellowapple 5y ago
> I want poor people to stop losing their money to scammers Then your ire should be directed at scammers, not a specific implementation detail of their scams. Should we abolish wire transfers and gift cards because scammers use those in scams, too? How about stocks, while we're at it? Those get pumped and dumped all the time, too. > I want cryptocurrencies shut down so they stop using insane amounts of power so that people can gamble. > We all indirectly gain if cryptocurrencies cease to exist, because less carbon will be released into the atmosphere. Not all cryptocurrencies are proof of work; proof of stake, for example, is increasingly common (Cardano is the biggest current example, and Ethereum is moving toward it) and uses negligible energy (and therefore releases negligible carbon into the atmosphere).
chachachoney 5y ago
>> I want poor people to stop losing their money to scammers. Telemarketing scams inflict a lot more damage than naive crypto speculation.