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Not too amazing to me. Fraud is a crime, defined by a statute, with case law, and police and a prison system to enforce it. Crypto folks don't really believe

Not too amazing to me. Fraud is a crime, defined by a statute, with case law, and police and a prison system to enforce it. Crypto folks don't really believe in governance, the state, regulation, accountancy, and all that stuff. For many folks, the whole point of crypto is to opt out of the whole government, state, regulation system, with its strange rules like "fraud" and all the rest.

germandiago 4y ago
I agree with this. However there are things that could constitute fraud for all of us. However, the whole govt. system is a fraud IMHO in Spain at least. I just want them the further, the better.
jokethrowaway 4y ago
Government is theft by definition. They get your money just because they have guns and you're going to jail. I don't think most crypto projects are fraud. I don't think most ponzi schemes are fraud. They're just terribly poor investments and people who are too stupid to understand or people who want to gamble their money hoping the greater fool will pay, fall into it. I know people who got rich with crypto shitcoins, I know people who got rich with MLM schemes. I never joined any. Crypto is a technical solution to a political problem: governments own you, can do virtually whatever they want and they can print money at will. You won't solve a political problem with tech, even if the tech is really ingenious.
- jen20 4y ago
  > I don't think most ponzi schemes are fraud Well, that just flipped the bozo bit on you. Ponzi schemes are fraud _by definition_.
  - aliswe 4y ago
    That seems to be a typo
- citizenpaul 4y ago
  >theft by definition Enforced by death threat. People forget in our comfortable 1st world that if you resist the demands of your government long or loud enough eventually the will dispatch SWAT police or military to take care of you. Both which are authorized to kill you if you resist.

germandiago 4y ago

I agree with this. However there are things that could constitute fraud for all of us. However, the whole govt. system is a fraud IMHO in Spain at least. I just want them the further, the better.

jokethrowaway 4y ago

Government is theft by definition. They get your money just because they have guns and you're going to jail. I don't think most crypto projects are fraud. I don't think most ponzi schemes are fraud. They're just terribly poor investments and people who are too stupid to understand or people who want to gamble their money hoping the greater fool will pay, fall into it. I know people who got rich with crypto shitcoins, I know people who got rich with MLM schemes. I never joined any. Crypto is a technical solution to a political problem: governments own you, can do virtually whatever they want and they can print money at will. You won't solve a political problem with tech, even if the tech is really ingenious.

jen20 4y ago
> I don't think most ponzi schemes are fraud Well, that just flipped the bozo bit on you. Ponzi schemes are fraud _by definition_.
- aliswe 4y ago
  That seems to be a typo
citizenpaul 4y ago
>theft by definition Enforced by death threat. People forget in our comfortable 1st world that if you resist the demands of your government long or loud enough eventually the will dispatch SWAT police or military to take care of you. Both which are authorized to kill you if you resist.