3 ms·
Semi-off topic observation: Does the prevalence of cryptocurrency-related scams point to the actual effectiveness and use-case of cryptocurrencies as a legitim
by BLKNSLVR 2y ago
Semi-off topic observation:
Does the prevalence of cryptocurrency-related scams point to the actual effectiveness and use-case of cryptocurrencies as a legitimate* means of value exchange?
Criminals and pornographers are often the acid-testers for new, fringe technologies.
*where legitimate is the ability to exchange value from one party to another, as opposed to the delivery method, ie. hacking / scamming.
- throwaway314155 2y agoNope!
- cheeze 2y agoIMO the best litmus test of crypto is _it being in use_. Proof of stake was hard for me to understand, but it is sitting 'in production' and has beeen working for some time. In that same sense, if folks can use Bitcoin/Monero/coolNewCryptoCurrency to pay for illegal goods (drugs, etc.) and receive them back, then IMO that shows effectiveness for specific use-cases of value exchange. Would I use bitcoin to buy a sandwich? No. Would I use it to do some weird spy stuff? Sure.
- yieldcrv 2y agoThere is clearly a crowd to provide financial services and entertainment to, and there is a large industry of people that do, while you debate it. It is an incredibly lucrative industry that rivals and exceeds big tech compensation packages. And that’s before stealing people’s funds, which is even more lucrative. All because there is a crypto native audience already where the answer to your question is “yes”.