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A lot of claims being made here without any actual proof. You need a bank account to buy cryptocurrencies. You also need fiat money to buy it. In the US at lea

A lot of claims being made here without any actual proof. You need a bank account to buy cryptocurrencies. You also need fiat money to buy it. In the US at least, you need to be KYC'd to buy it from an exchange with fiat. It's really tiring hearing propaganda like this, that easily falls apart under even a little bit of scrutiny. Like "banking the unbanked", it's lies being told that try to sell people on how cryptocurrency is enriching people who'd otherwise be poor, and opening opportunities to people who otherwise would not have them, but it's nothing more than preying on people's greed and FOMO, to pull in more suckers to fleece.

vmception 5y ago
Earning cryptocurrency does not require a bank account or KYC. Read that again until you understand it and tell me why you don't understand that. The whole post distinguished the difference between buying versus earning. If you dont get that yet, you’re in the wrong place.
- ryan_lane 5y ago
  This place is about critical thinking, and skepticism, especially around wild and unlikely claims, is part of that. The point is that this story is almost certainly a fabrication, especially since it has wild claims of teenagers making small fortunes. There's no evidence such a situation has happened, and it's extremely unlikely that it's common enough to be a thing we need to be concerned with.
  - vmception 5y ago
    What evidence would satisfy you? How common does it need to be to matter? Several thousand teenagers with six or seven figures of liquid crypto assets is still over a billion dollars deciding if a new product or service gets off the ground. Why do you think you need to be concerned?
    - ryan_lane 5y ago
      Where is the evidence for these teenagers? I mean, there's no evidence at all from what I can tell, except for the op saying it's "a real thing I totally didn't make up to give you FOMO".
      - vmception 5y ago
        Second time asking, what would you like to see? If I gave you a screenshot from an instagram comment, what would your rebuttal be? Would you like an interview with that teen? Would a discord server full of them satisfy you? Do you want them to sign addresses with high balances to show they control it? Because thats not going to happen. The same issue would apply to any segment of the population. Nobody is going to do any of that so how would you prove it for any segment? If you can go make money in crypto by simply showing up to a chat room looking for workers, but aren't interested in doing so, think about who is. Think about who is then trading these juvenile things. Think about which colorful sensory assaulting NFTs are a hit and which aren't. Match that up with the admissions of people saying "yeah I'm a teen and accumulated and bunch of crypto and flip NFTs to accumulate more". At a certain point there is a consensus you can just rely upon, for your own participation in the economy. That's whats happening here.

vmception 5y ago

Earning cryptocurrency does not require a bank account or KYC. Read that again until you understand it and tell me why you don't understand that. The whole post distinguished the difference between buying versus earning. If you dont get that yet, you’re in the wrong place.

ryan_lane 5y ago
This place is about critical thinking, and skepticism, especially around wild and unlikely claims, is part of that. The point is that this story is almost certainly a fabrication, especially since it has wild claims of teenagers making small fortunes. There's no evidence such a situation has happened, and it's extremely unlikely that it's common enough to be a thing we need to be concerned with.
- vmception 5y ago
  What evidence would satisfy you? How common does it need to be to matter? Several thousand teenagers with six or seven figures of liquid crypto assets is still over a billion dollars deciding if a new product or service gets off the ground. Why do you think you need to be concerned?
  - ryan_lane 5y ago
    Where is the evidence for these teenagers? I mean, there's no evidence at all from what I can tell, except for the op saying it's "a real thing I totally didn't make up to give you FOMO".
    - vmception 5y ago
      Second time asking, what would you like to see? If I gave you a screenshot from an instagram comment, what would your rebuttal be? Would you like an interview with that teen? Would a discord server full of them satisfy you? Do you want them to sign addresses with high balances to show they control it? Because thats not going to happen. The same issue would apply to any segment of the population. Nobody is going to do any of that so how would you prove it for any segment? If you can go make money in crypto by simply showing up to a chat room looking for workers, but aren't interested in doing so, think about who is. Think about who is then trading these juvenile things. Think about which colorful sensory assaulting NFTs are a hit and which aren't. Match that up with the admissions of people saying "yeah I'm a teen and accumulated and bunch of crypto and flip NFTs to accumulate more". At a certain point there is a consensus you can just rely upon, for your own participation in the economy. That's whats happening here.