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> Such as? Enabling fraud, enabling ransomware, enabling authoritarian dictators to enrich themselves. Furthermore there's still Bitcoin that will never move t
by shafyy 5y ago
> Such as?
Enabling fraud, enabling ransomware, enabling authoritarian dictators to enrich themselves. Furthermore there's still Bitcoin that will never move to PoS, and the popularity of ETH also swaps over to Bitcoin and other cryptos.
Yes, yes, there are also scams in fiat money blabla. The problem here is, that cryptos are a strictly zero-sum game and don't add any value to anybody except people who are able to dump their coins to the next greater fool. So why should we accept all these disproportionate externalities?
- hunterb123 5y agoStolen credit cards and chargebacks are a big problem. Fiat currency has a whole slew of problems. Mastercard, Visa, Stripe and PayPal don't allow at risk products like in-game currencies, porn, etc. They frequently use their powers to cut off funding for certain political targets. I don't think simply yelling "fraud" and "scams" is enough to dissuade people anymore. New talking point please. Honestly the anti-crypto sentiment here is ridiculous. I hope people know that the same people preaching against it here are gobbling up crypto as fast as they can while trying to dissuade others.
- jakelazaroff 5y agoWhy would anyone “gobbling up crypto as fast as they can” hurt the value of their investment by trying to dissuade others?
- hunterb123 5y agoDissuading only hurts in the short run, it's good to keep the prices down if you want to long. If you think it will be more lucrative in the future it helps to extend the current prices by investing while dissuading others to invest. They'd have to get in at a later, much higher price in that scenario.
- shafyy 5y ago> I hope people know that the same people preaching against it here are gobbling up crypto as fast as they can while trying to dissuade others. Only a person who extends their crypto-scam thinking to others would think this way. I can assure you that I don't hold any crypto, and that I'm pretty certain that the majority of outspoken crypto sceptics don't hold any crypto.
- WrtCdEvrydy 5y ago> Enabling fraud, enabling ransomware, enabling authoritarian dictators to enrich themselves. iTunes gift cards, iTunes gift cards, oil. Can we ban those too?