Who could have guessed crypto was all a big scam. I am shocked! Shocked, I tell you!!! Shocked!!!
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.
even reading the description that is so clearly a scam
So the funny money is all a scam.
Colour me shocked.
This is a fascinating development! The FBI’s creation of a fake cryptocurrency highlights the serious issue of market manipulation in the crypto space. With the rapid growth of digital currencies, the potential for fraudulent activities has also increased. It’s essential for regulatory bodies to take proactive measures like this to protect investors and maintain market integrity. I’m curious to see how effective this initiative will be in uncovering illicit activities and whether it will lead to stricter regulations in the crypto market moving forward. What are your thoughts on how this might impact investor trust in cryptocurrencies?
It’s amazing how far market ideology has penetrated. When computers average out the text on the internet, the result is the hegemonic narrative.
