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> Ponzi grifters You want to talk about Ponzi? Crypto has nothing on the Fed. The global financial structure is a planet-incinerating Ponzi scheme, so the poin
by tejohnso 5y ago
> Ponzi grifters
You want to talk about Ponzi? Crypto has nothing on the Fed. The global financial structure is a planet-incinerating Ponzi scheme, so the point of targeting one minuscule subset of it is suspect.
- kyleee 5y agoIroncially backed by an ungodly amount of violence and emissions
- pygy_ 5y agoThat's crypto's weak point. Blockchains are effective as long as gun toting folks let the miners mine. I'd be surprised if Uncle Sam decided to drop the dollar and lose the influence it provides.
- phatfish 5y agoThe US will never "drop the dollar" while it continues to exist as a nation. Why would the US government allow a system they don't control to run their economy? A blockchain based "e-dollar" is certainly possible, but Bitcoin will forever be a hugely wasteful online casino.
- cowpig 5y agohttps://en.wikipedia.org/wiki/Whataboutism https://en.wikipedia.org/wiki/Whataboutism
- slices 5y agonot whataboutism, as US dollars would be the obvious alternative to accepting crypto
- input_sh 5y agoI mean, sure, but replacing it with another ponzi scheme with even less checks and balances isn't really gonna solve anything, but make things worse.
- nicbou 5y ago"The breaks occasionally fail, so we did away with them"