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Crypto is a tool. Is it often used for scam? Yes. But so is email. Just like stocks can fall 99% in a day. It stock s cam? No. The problem is that users dive
by risyachka 4y ago
Crypto is a tool.
Is it often used for scam? Yes. But so is email.
Just like stocks can fall 99% in a day. It stock s cam? No.
The problem is that users dive into it without understanding the risks. Also, there should be (and will be) more regulations around it.
But it is as far from the scam as it gets.
- toqy 4y agoYou’re right, it’s not always a scam. Sometimes it’s just useless.
- gabereiser 4y agoIf I buy a share of a company, I own it. Buy enough of it, I can control it. Same can not be said for crypto. If I buy a token of BTC it guarantees me no voting rights, no shareholder rights, no FDIC insurance, no insurance whatsoever. When comparing investment instruments, crypto is the worst of all of them, including timeshares.
- dubswithus 4y agoAren't most people pretty powerless when it comes to their investments? I can't think of any investments I've ever owned where I felt I had any power.
- gabereiser 4y agoA lot of companies will restrict voting rights to the top % of investors. Some may even sit on the board. Yes, the general public retail stockholder doesn’t have a whole lot of power. I was just making a point about ownership and securities. If you own enough stock in a company, your vote Carrie’s weight. Downvoted I’m sure by the hodl gang.
- rvz 4y ago> The problem is that users dive into it without understanding the risks. Also, there should be (and will be) more regulations around it. Correct. Only a few cryptocurrency projects will survive and the several meme cryptocurrencies or non-compliant coins will wither away. This is why some companies waited for regulatory clarity to enter back into the cryptocurrency markets. This is what the absolutist crypto-skeptics or absolutist crypto-maximalists won't tell you.
- deleted 4y ago[deleted]