3 ms·
Agree with you but would say that it’s more like virtual silver. A legit commodity of sorts but whose accessibility and supply makes it a good vehicle for bad a
by Spooky23 4y ago
Agree with you but would say that it’s more like virtual silver. A legit commodity of sorts but whose accessibility and supply makes it a good vehicle for bad actors to act.
The big difference is the infrastructure required. If crypto goes out of fashion, your random numbers get riskier to test as virtual silver because transactions will get slower and riskier.
The other big thing is that crypto fills a void between dealing with bank settlement costs and cash. Once the US government or Eurozone come up with a digital currency model, crypto is pretty much dead as a means of transacting.
These risks are what make it so attractive to scammers.