4 ms·
“user of cryptocurrencies”. It’s scammers, ramsomers, speculators and illicit drugs all the way down.
by hfsygcf 4y ago
“user of cryptocurrencies”.
It’s scammers, ramsomers, speculators and illicit drugs all the way down.
- copymoro 4y ago[flagged]
- selimthegrim 4y agoThis is like the gingerbread man in the gingerbread house meme.
- ben_w 4y agoA Ponzi scheme pays profits to earlier investors with funds from more recent investors. The US economy has problems, but I don't see how that's supposed to be one of them. I don't think it's even (in 2023) a good model for BTC, although the adverts I saw for it when I first heard about it around the $250 price absolutely were that, and there are plenty of clone-coins that still do today.
- jkepler 4y ago> A Ponzi scheme pays profits to earlier investors with funds from more recent investors. You just described how Social Security in the USA is funded. Its billed as government-run social insurance, but funded as a ponzi.
- ben_w 4y ago1. "Profits" is a relevant keyword there. 2. If Social Security were to fail, the US government would be free to decide between canning it (or reducing it) or funding it from more taxes (or delaying retirement age, which is kinda both); in none of these cases is this itself going to threaten the USA economy or the USD currency.
- deleted 4y ago[deleted]
- localplume 4y ago[dead]
- spondylosaurus 4y agoHey, at least people who buy drugs with bitcoin are actually getting tangible goods. Despite everything, TSR might have been the most "legitimate" use of cryptocurrency to date.
- JUNGLEISMASSIVE 4y ago[dead]
- selfmodruntime 4y agoWhat an entitled, uninformed and privileged thing to say. People who live under oppressive regimes use monero to gain access to information or to pay evade government spying.