Molly WhiteDec 29, 2022
i feel like i might question my chosen industry just a little bit if i found myself having to write an article like this
Show threadLily Star
@molly0xfff USD isn't a scam, but it is the number one choice for scammers. Ponzi schemes were literally invented for USD.
But tell me more about how crypto itself is the problem, and not the people abusing it.
Dec 29, 2022 at 6:41pmWeb
Show threadJoe DowlandDec 29, 2022
@starlily @molly0xfff crypto may not itself be a scam, but all of the "benefits" of it inherently make it super easy to use as a scam
Show threadanticrisisDec 29, 2022
@starlily @molly0xfff If you regulate "crypto" to the same extent as USD, then your point would stand: people abusing it are the problem, and they should be caught, prosecuted, and victims compensated. But "crypto" also means "lawless" for most of its boosters. So that's the scam.
Show threadLily StarDec 29, 2022
@anticrisis @molly0xfff Sounds like USD 100 years ago, when Charles Ponzi was doing his business. We know what happened next; the Depression resulted in a lot more regulations on USD.
Seems like the same thing is coming for cryptocurrency, to me.