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“Crypto” is a technology that is functional and has proven utility. Those using it as a tool to skirt regulations, defraud others, or to commit outright theft
by Gravey 4y ago
“Crypto” is a technology that is functional and has proven utility.
Those using it as a tool to skirt regulations, defraud others, or to commit outright theft are the scammers.
I would agree that as a concept it is generally overhyped, usually by those who seek to profit from doing so. But I think it’s important to not conflate the unscrupulous gold miners looking to get rich quick with the utility of the precious metal itself.
- HyperSane 4y agobitcoin's main utility seems to be using an utterly absurd amount of joules per transaction.
- illiarian 4y ago> and has proven utility. It hasn't.
- concordDance 4y agoThe ability to have assets that can't be frozen by a bank or government beaurocratic fuckup is utility.
- nvr219 4y agoNot really because the assets can totally be frozen by the exchange. The people who have money in crypto that disappears don't care if that was due to a government action or due to whomever is in charge of enough servers.