This is like saying “national currencies are all a big scam” because pyramid schemes generally use currency. There are a lot of crypto scams, but that doesn’t mean the tech is a scam, just that it’s a relatively easy avenue to create scams with.
The FBI can also track physical currency through serial numbers, credit/debit transactions through cooperation w/ banks, etc, but that doesn’t make national currencies a scam…
That’s a bit of a rabbit hole, but I think the main argument here is that fiat currency is a bit of a scam since it can be inflated at will to erode value. But in practice, it’s pretty predictable in most parts of the world.
A scam is when you get something different than was advertised. National currencies are usually pretty clear about how they’re managed, and cryptocurrencies are generally completely transparent. If anything, cryptocurrencies are less of a scam than fiat currencies, though cryptocurencies probably have more scams since they’re relatively new and understanding of how they work isn’t as widespread as it should be given how much they’re traded.
This is like saying “national currencies are all a big scam” because pyramid schemes generally use currency. There are a lot of crypto scams, but that doesn’t mean the tech is a scam, just that it’s a relatively easy avenue to create scams with.
The FBI can also track physical currency through serial numbers, credit/debit transactions through cooperation w/ banks, etc, but that doesn’t make national currencies a scam…
Eh, I’ll say it.
National currencies are a scam. No pyramid needes
That’s a bit of a rabbit hole, but I think the main argument here is that fiat currency is a bit of a scam since it can be inflated at will to erode value. But in practice, it’s pretty predictable in most parts of the world.
A scam is when you get something different than was advertised. National currencies are usually pretty clear about how they’re managed, and cryptocurrencies are generally completely transparent. If anything, cryptocurrencies are less of a scam than fiat currencies, though cryptocurencies probably have more scams since they’re relatively new and understanding of how they work isn’t as widespread as it should be given how much they’re traded.