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The Human Cost of Cryptomania
- version_five 3y agohttps://archive.md/GPzcB https://archive.md/GPzcB
- turtleyacht 3y agoThank-you. The more complete story was linked at the bottom: https://archive.md/0m1rq https://archive.md/0m1rq Both excerpted from Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall by Zeke Faux.
- warning26 3y agoCan we just ban crypto already?
- NoZebra120vClip 3y agoIt seems like one of the most attractive selling-points of cryptocurrency is that it is nigh-unbannable and uncontrollable by TPTB.
- warning26 3y agoI’d argue that’s not really true. Yes it’s not really possible to fully prevent the use of it, but if you ban all financial entities from transacting with crypto in any meaningful way, scams become a lot harder to pull off.
- NoZebra120vClip 3y agoYou mean like, ban the ones in your jurisdiction that obey laws?
- flangola7 3y agoCriminals still want actual currency (USD) making on ramps and off ramps necessary. If the US declared it a crime and sanctionable act to use crypto, requiring banks and trading partners to drop anyone who touches it even indirectly, crypto would be dead globally. 1 BTC < $1. Everyone has to interact with US banks, they can't even rely on China this time because they're already ahead on ditching crypto.