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Eh, not really. I know plenty of people first and secondhand who are happy to describe their own participation in or creation of, effectively, scams. Arguably o
by ethanbond 4y ago
Eh, not really. I know plenty of people first and secondhand who are happy to describe their own participation in or creation of, effectively, scams. Arguably one could call them casino games at best. The dynamics of a speculation-ridden and mostly non-regulated industry makes such moves compelling and easy to rationalize.
I too thought there were some interesting “real” things that must be going on somewhere, and surely there are. I figured if there’s one place to find it — or one place it must be found for the sake of the system — it’d be the stablecoins. Then you read into e.g. Tether and realize not only is that a scam, but it’s a transparently obvious one.
Again, very bad look for the entire sector.