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Crypto is an industry covering thousands of different projects. The nobel tech behind crypto certainly is not a scam, its revolutionary. Out of the thousand of
by pibechorro 4y ago
Crypto is an industry covering thousands of different projects. The nobel tech behind crypto certainly is not a scam, its revolutionary.
Out of the thousand of projects many are indeed scammy. Likewise, many are serious projects, and a few like BTC are paradigm changing. Maybe not to you, the majority western (very) well off reader with a stable and sorta not corrupt governance, but to the millions in this planet where they are forced into never leaving poverty by dictators, oligarchs and crony politicians hyperinflating their life savings or seizing assets due to religious/racial/class lines (much of South and Central America, Africa, the middle east, etc) its a godsend.
Hacker news really should know better than these blanket statement smears. Its either bitterness, ignorance/privilege or paid shilling propaganda. A much more serious problem in the world than some exit scams by fly by night crypto scammers.
- jqpabc123 4y agoCrypto is an industry covering thousands of different projects. Bernard L. Madoff Investment Securities was once the 6th largest market maker in S&P 500 stocks --- run by a former chairman of the NASDAQ stock exchange with thousands of wealthy, famous clients. Having a good back story only helped him proliferate his con. The nobel tech behind crypto certainly is not a scam, its revolutionary. Tech isn't nobel. Tech serves bad purposes just as easily and faithfully as good. Assigning altruistic characteristics to tech smacks of religion more than reality and really discredits your argument.