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> ...open source permissionless banking infrastructure I sincerely hope cryptocurrency delivers on its promises, but right now, there are too many ponzi schems
by ignoramous 4y ago
> ...open source permissionless banking infrastructure
I sincerely hope cryptocurrency delivers on its promises, but right now, there are too many ponzi schems, pyramid schemes, pump and dump schemes, fraud funds, fragile funds (all riding the hype train) to really make a case for it. Someday, perhaps? Until then (and regardless of one's affiliations), the stance that due to the resources cryptocurrency drains, it is best avoided or even boycotted, sounds reasonable to me.
- Quindecillion 4y agoBitcoin delivers on those promises and is working now. All other cryptos are some variation of those scams you mentioned. It's worth taking the time to understand why Bitcoin is different.
- colesantiago 4y agoNo it isn't. Bitcoin is a crypto/cryptocurrency. They are all the same.