You are viewing a single thread.
View all comments
16 points

Who could have guessed crypto was all a big scam. I am shocked! Shocked, I tell you!!! Shocked!!!

permalink
report
reply
9 points

Well, not that shocked.

permalink
report
parent
reply
1 point

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…

permalink
report
parent
reply
0 points

Eh, I’ll say it.

National currencies are a scam. No pyramid needes

permalink
report
parent
reply
4 points
*

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.

permalink
report
parent
reply

Cybersecurity

!cybersecurity@sh.itjust.works

Create post

c/cybersecurity is a community centered on the cybersecurity and information security profession. You can come here to discuss news, post something interesting, or just chat with others.

THE RULES

Instance Rules

  • Be respectful. Everyone should feel welcome here.
  • No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
  • No Ads / Spamming.
  • No pornography.

Community Rules

  • Idk, keep it semi-professional?
  • Nothing illegal. We’re all ethical here.
  • Rules will be added/redefined as necessary.

If you ask someone to hack your “friends” socials you’re just going to get banned so don’t do that.

Learn about hacking

Hack the Box

Try Hack Me

Pico Capture the flag

Other security-related communities !databreaches@lemmy.zip !netsec@lemmy.world !cybersecurity@lemmy.capebreton.social !securitynews@infosec.pub !netsec@links.hackliberty.org !cybersecurity@infosec.pub !pulse_of_truth@infosec.pub

Notable mention to !cybersecuritymemes@lemmy.world

Community stats

  • 1.8K

    Monthly active users

  • 831

    Posts

  • 1.7K

    Comments