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I agree with your definition of a scam, however: > Telling people bitcoin has value, while being a developer (thus smart enough to know it's worthless)? Scamme

I agree with your definition of a scam, however: > Telling people bitcoin has value, while being a developer (thus smart enough to know it's worthless)? Scammer. There is little about being a programmer that qualifies you to declare Bitcoin a scam, or not a sacm. There is a set of programmers opposed to cryptocurrency that believes that their background qualifies them uniquely - that is hubris. People don't need to understand any code to understand that Bitcoin is a spreadsheet.

nootropicat 5y ago
Non-programmers can be easily bamboozled by marketing: for example they may sincerely believe bitcoin stores energy in some magical way. For a dev there's no such excuse - they know for a fact bitcoin isn't backed by anything and all energy used for mining is irrevocably gone, and that no mechanism exists for bitcoin holders to earn transaction fees (because miners are a separate entity). There's no escape from knowledge that bitcoin is a negative sum game - which means claiming it's anything but a new version of a ponzi is a deliberate lie.