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Not everything in crypto is a scam. It's easy to tell with eg tokens by checking the contract: if the organization behind the tokens can issue arbitrary numbers
by notwokeno 4y ago
Not everything in crypto is a scam. It's easy to tell with eg tokens by checking the contract: if the organization behind the tokens can issue arbitrary numbers of new tokens or replace the contract then it's a scam. The FTX token would have failed this test if anyone involved had cared to look.
This is something you can't do with securities and it's why I'm not convinced regulators really need to be as closely involved.
- TylerE 4y agoUh? Companies issues new shares all the time. In any case your username makes me strongly suspect you are not arguing in good faith, but merely propagandizing/shilling.
- notwokeno 4y agoTokens aren't shares (if they wanted to issue shares they would have just done an IPO) and if you follow my rule you're extremely unlikely to get scammed. I don't know what to tell you if you're going to assume the other side isn't arguing in good faith although I feel the same way about most of the anti-crypto people here.
- davidgerard 4y ago> Not everything in crypto is a scam but if you assume it is, you'll basically be correct