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If you're massively invested in crypto you need to pour a lot of money into legitimizing it and putting out fires wherever possible. Imagine you're running a sc
by staticassertion 4y ago
If you're massively invested in crypto you need to pour a lot of money into legitimizing it and putting out fires wherever possible. Imagine you're running a scam on the street - let's imagine a dozen people playing "guess the card" (and cheating). Someone comes up and goes "woah, I saw that guy cheating, hey everyone this whole thing is a scam" - now you have two options, disavow that one guy and say "well the other card games are legit", or prop that scammer up and say "no no, that's just how the cards are played, it's a very complex system".
The latter is appealing since it admits no fault in the system. If people generally see these card games as having a high potential for being a scam, you want to avoid that scrutiny even at a very high cost.