It’s really not. I’m so tired of people being surprised by articles like this. Scams like this and ransomware would simply not exist without cryptocurrency, and that’s enough for me to eschew their use entirely.
There is literally no legitimate excuse for cryptocurrency, and I don’t think there ever was.
To be fair, I think the most useful applications of blockchain technology are still to come. For example, NFTs could let gamers wear the same hat across multiple video games, and allow the creation of a speculative market for video game hats.
Except that the most international crime is enumerated in $. Do we ban dollars? Probably not and, again, we have nothing better than conclude that since we put together "crypto" and "scam" we conclude all "crypto bad". Zero exceptions. Why are comments like this allowed on a "nerdy site"? Can someone please explain or better yet stop it. Where is @dang when you need her?
Currency from one country doesn’t enable any crime or scam that any other currency from any other country doesn’t also enable.
Bitcoin and other cryptocurrencies allow new crimes and scams.
I maintain that cryptocurrency in general is a borderline scam in and of itself. Prices are easily manipulated and once you convince enough people that cryptocurrency is good, people start exchanging it for actual money, and then it crosses from borderline scam into actual scam.
Comments
It’s really not. I’m so tired of people being surprised by articles like this. Scams like this and ransomware would simply not exist without cryptocurrency, and that’s enough for me to eschew their use entirely.
There is literally no legitimate excuse for cryptocurrency, and I don’t think there ever was.
To be fair, I think the most useful applications of blockchain technology are still to come. For example, NFTs could let gamers wear the same hat across multiple video games, and allow the creation of a speculative market for video game hats.
Virtual haberdashery owner is the dream I never knew I had, until now.
Wow, video game hat exchange, such innovation!
Can’t tell if this comment is sarcastic or not, genuinely.
"Dollars are super legitimate, dude"
Except that the most international crime is enumerated in $. Do we ban dollars? Probably not and, again, we have nothing better than conclude that since we put together "crypto" and "scam" we conclude all "crypto bad". Zero exceptions. Why are comments like this allowed on a "nerdy site"? Can someone please explain or better yet stop it. Where is @dang when you need her?
Currency from one country doesn’t enable any crime or scam that any other currency from any other country doesn’t also enable.
Bitcoin and other cryptocurrencies allow new crimes and scams.
I maintain that cryptocurrency in general is a borderline scam in and of itself. Prices are easily manipulated and once you convince enough people that cryptocurrency is good, people start exchanging it for actual money, and then it crosses from borderline scam into actual scam.