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> I am pro crypto because I think banks and VC and hedge funds [...] are scammy Liking Crypto because you think hedge funds are scammy is kind of like enjoyin
by Closi 4y ago
> I am pro crypto because I think banks and VC and hedge funds [...] are scammy
Liking Crypto because you think hedge funds are scammy is kind of like enjoying swimming because rain makes you wet.
Today's crypto is much more rife with scams and Ponzi schemes than hedge funds currently are (because of actual legislation).
- asenna 4y agoProblem with arguments like these is you put all of crypto/web3 into one category. Yes there are scams out there. Lot more than other fields. But just take 2 or 3 solid examples - Uniswap, DyDx, etc -> These are much more open and decentralized and transparent than their TradFi counterparts. If you think Uniswap is a scam, you haven't looked into it yet. Yes the tokens that get listed on it can be scams but that's up to to the buyer to assume the risk. As a tool, it's so much more transparent than anything that existed before it.
- Closi 4y agoYes, but the parent comment also put all banks and hedge funds into a single category. > If you think Uniswap is a scam, you haven't looked into it yet. Yes the tokens that get listed on it can be scams but that's up to to the buyer to assume the risk. I never said anything about Uniswap personally, but using a company that can list scams as an example about how non-scammy crypto can be is a little strange to me.