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Alright, go for it. Speak out all you want. Cryptocurrency users will continue ignoring and/or deriding you. Telling people that you don't like what they're do

Alright, go for it. Speak out all you want. Cryptocurrency users will continue ignoring and/or deriding you. Telling people that you don't like what they're doing is not an effective way to modify their behavior. You need to provide competing incentives, and somehow I doubt y'all are up to that.

throwhauser 5y ago
The point isn't to convince cryptocurrency users, the point is to convince the average person ("the public").
- Charlie_26 5y ago
  But aren't the current users the problem?
  - ArnoVW 5y ago
    Crypto is hot because there's some greater fool to sell to. Eliminate that greater fool (by informing) and the whole pyramid scheme comes tumbling down.
- exolymph 5y ago
  That only works until they see other people getting rich by not listening to you.
  - yencabulator 5y ago
    Meanwhile, another centralized platform for hodling your crypto got hacked to the tune of $80M.
johnday 5y ago
The OP doesn't say complain to crypto users. It says that we need to inform the general public so that they are immunised against the draw of these schemes.
- RedBeetDeadpool 5y ago
  Immunized against what exactly though? Is there even one thing about owning crypto that people need protection from? Its an asset class like any other and if you want an NFT buy an NFT. If you want to buy a pokemon card, buy a pokemon card. If you'd rather spend it on a car, buy a car. You're gonna get fraudsters with any asset. People will sell you houses that have bug problems hidden from you. Car dealerships will fleece you and have been since the first car salesman existed. Scammers have been counterfeiting dollars since they have been printed. McDonalds has been selling tasty unhealthy foods since they became a franchise. Mail order brides have been scamming the purchasers of their wife and money. Are we supposed to now shout out about every scam in existence? What makes crypto so unique among scammable things (literally everything) that it needs an army of anti-cryptocurrency advocates running down the streets with pitchforks and cardboard signs?
  - adam_arthur 5y ago
    Crypto so far is largely a vast space with little intrinsic value. The "technological veil" over it seems to confer more legitimacy to crypto projects than is really warranted. E.g. people buying land in the "metaverse", which is really just some hastily implemented crap game/mmo. Less technical people aren't going to understand that the perfectly legitimate technology is a ruse covering up illegitimate investment ideas. But personally, Im not too worried. Fiscally irresponsible people will always find a way to throw away their money one way or another. It will seem quite obvious in hindsight, however.
    - RedBeetDeadpool 5y ago
      > Crypto so far is largely a vast space with little intrinsic value. So was pokemon. By my definition that's a crap game even without crypto. But millions of people have fun playing it and its a big part of their lives, so who am I to judge?
      - adam_arthur 5y ago
        The intrinsic value of pokemon is the enjoyment you get out of playing. Thus people are willing to pay money to play it. "Investments" in crypto tend to have value because you can sell it to somebody else for more, not because the intrinsic value increases over time. E.g. like a cashflowing business increasing their cashflow, or raising rents on a rental property. This is self referential, people aren't paying more because it provides higher intrinsic value, but due to speculation.
CJefferson 5y ago
There is no "competing incentive" for those organising pump+dumps and other assorted cons. We can only warn those who could fall victim to them.
- exolymph 5y ago
  Sure — complain all you want, it's gonna keep happening. Even if I agreed with the classification that all crypto buyers are greater fools, it's not like standard finance is hurting for idiots who want to get rich quick.
300bps 5y ago
I don’t think OP was advocating telling cryptocurrency users that it’s a scam. I think it was more aimed at people thinking of getting into cryptocurrency. For what it’s worth, I mined BTC when you could profitably with a GPU. I mine ETH today using gminer on flexpool.io. I actually made money on DOGE and several other alt coins. I’ve spent years studying cryptocurrency. I don’t get it. I think it’s a scam too and I believe the world would be better off had it never been invented.

throwhauser 5y ago

The point isn't to convince cryptocurrency users, the point is to convince the average person ("the public").

Charlie_26 5y ago
But aren't the current users the problem?
- ArnoVW 5y ago
  Crypto is hot because there's some greater fool to sell to. Eliminate that greater fool (by informing) and the whole pyramid scheme comes tumbling down.
exolymph 5y ago
That only works until they see other people getting rich by not listening to you.
- yencabulator 5y ago
  Meanwhile, another centralized platform for hodling your crypto got hacked to the tune of $80M.

johnday 5y ago

The OP doesn't say complain to crypto users. It says that we need to inform the general public so that they are immunised against the draw of these schemes.

RedBeetDeadpool 5y ago
Immunized against what exactly though? Is there even one thing about owning crypto that people need protection from? Its an asset class like any other and if you want an NFT buy an NFT. If you want to buy a pokemon card, buy a pokemon card. If you'd rather spend it on a car, buy a car. You're gonna get fraudsters with any asset. People will sell you houses that have bug problems hidden from you. Car dealerships will fleece you and have been since the first car salesman existed. Scammers have been counterfeiting dollars since they have been printed. McDonalds has been selling tasty unhealthy foods since they became a franchise. Mail order brides have been scamming the purchasers of their wife and money. Are we supposed to now shout out about every scam in existence? What makes crypto so unique among scammable things (literally everything) that it needs an army of anti-cryptocurrency advocates running down the streets with pitchforks and cardboard signs?
- adam_arthur 5y ago
  Crypto so far is largely a vast space with little intrinsic value. The "technological veil" over it seems to confer more legitimacy to crypto projects than is really warranted. E.g. people buying land in the "metaverse", which is really just some hastily implemented crap game/mmo. Less technical people aren't going to understand that the perfectly legitimate technology is a ruse covering up illegitimate investment ideas. But personally, Im not too worried. Fiscally irresponsible people will always find a way to throw away their money one way or another. It will seem quite obvious in hindsight, however.
  - RedBeetDeadpool 5y ago
    > Crypto so far is largely a vast space with little intrinsic value. So was pokemon. By my definition that's a crap game even without crypto. But millions of people have fun playing it and its a big part of their lives, so who am I to judge?
    - adam_arthur 5y ago
      The intrinsic value of pokemon is the enjoyment you get out of playing. Thus people are willing to pay money to play it. "Investments" in crypto tend to have value because you can sell it to somebody else for more, not because the intrinsic value increases over time. E.g. like a cashflowing business increasing their cashflow, or raising rents on a rental property. This is self referential, people aren't paying more because it provides higher intrinsic value, but due to speculation.

CJefferson 5y ago

There is no "competing incentive" for those organising pump+dumps and other assorted cons. We can only warn those who could fall victim to them.

exolymph 5y ago
Sure — complain all you want, it's gonna keep happening. Even if I agreed with the classification that all crypto buyers are greater fools, it's not like standard finance is hurting for idiots who want to get rich quick.

300bps 5y ago

I don’t think OP was advocating telling cryptocurrency users that it’s a scam. I think it was more aimed at people thinking of getting into cryptocurrency. For what it’s worth, I mined BTC when you could profitably with a GPU. I mine ETH today using gminer on flexpool.io. I actually made money on DOGE and several other alt coins. I’ve spent years studying cryptocurrency. I don’t get it. I think it’s a scam too and I believe the world would be better off had it never been invented.