Yes, Crypto Is All a Scam
stephendiehl.com
Yes, Crypto Is All a Scam
1–10 of 396 posts
Re: Yes, Crypto Is All a Scam
#2"Every day I write something about crypto to the nature of “crypto is all a scam”"
Yet he still write daily about Crypto. Very weird. Whoever wanted to be convinced that is a scam should be convinced by now, everyone else just want to hold some coins.
Re: Yes, Crypto Is All a Scam
#3"Every day I write something about crypto to the nature of “crypto is all a scam”" Yet he still write daily about Crypto. Very weird. Whoever wanted to be convinced that is a scam should be convinced by now, everyone else just want to hold some coins.
everyone else just want to hold some coins.
Until those people inevitably get rug pulled, scammed, ponzied. Then they will be convinced.
Actually, most people who "hold some coins" know 99.99% of crypto is a scam but they still do it anyways in hopes of making money.
Re: Yes, Crypto Is All a Scam
#4>Similarly, the “crypto as currency” and “crypto as investment” narratives have been thoroughly debunked because the truth value of these statements is predicated on factual claims that are demonstrably falsifiable.
It must be nice to be able to just state something is thoroughly debunked and not have to give any evidence, despite billions of people not knowing, and be magically right...
Re: Yes, Crypto Is All a Scam
#5>Similarly, the “crypto as currency” and “crypto as investment” narratives have been thoroughly debunked because the truth value of these statements is predicated on factual claims that are demonstrably falsifiable. It must be nice to be able to just state something is thoroughly debunked and not have to give any evidence, despite billions of people not knowing, and be magically right...
> It must be nice to be able to just state something is thoroughly debunked and not have to give any evidence (...)
That's quite the amusing comment, given the fact that crypto-bros reiterate that crypto is somehow money in spite of if repeatedly failing each and every single trait that makes something a currency.
Now, when someone points out that fact, here we are with a newfound passion for argumentative formalities as if you can make this fact go away by petitioning the ref.
Re: Yes, Crypto Is All a Scam
#6"Every day I write something about crypto to the nature of “crypto is all a scam”" Yet he still write daily about Crypto. Very weird. Whoever wanted to be convinced that is a scam should be convinced by now, everyone else just want to hold some coins.
> Whoever wanted to be convinced that is a scam should be convinced by now, everyone else just want to hold some coins.
In other words, "please don't scare away the remaining suckers."
Re: Yes, Crypto Is All a Scam
#7The worst thing is the terrible incentives it's created by making it so easy for people to exploit free CPU capacity, and transfer money with no monitoring for fraud or ability to reverse it.
So no-one can offer free/demo tier CPU access anymore e.g. on low-end box VMs, ISP shell servers, etc.
Likewise any sort of interaction with strangers get absolutely bombarded with fake accounts pushing crypto scams - second-hand sales, dating apps, meetups, pen pals, language exchanges, property listings, job boards, etc., there was always spam before but it was harder to directly monetise.
I hope it all gets banned soon. If we can ban Russia from SWIFT, we can do the same to all accounts that ever have transactions with known cryptocurrency exchanges, and refer their owners to the local tax authorities for auditing, etc.
Re: Yes, Crypto Is All a Scam
#8>Similarly, the “crypto as currency” and “crypto as investment” narratives have been thoroughly debunked because the truth value of these statements is predicated on factual claims that are demonstrably falsifiable. It must be nice to be able to just state something is thoroughly debunked and not have to give any evidence, despite billions of people not knowing, and be magically right...
> It must be nice to be able to just state something is thoroughly debunked and not have to give any evidence (...) That's quite the amusing comment, given the fact that crypto-bros reiterate that crypto is somehow money in spite of if repeatedly failing each and every single trait that makes something a currency. Now, when someone points out that fact, here we are with a newfound passion for argumentative formalitie…
There are 2 really amusing things here:
* that so many people think crypto is either perfect or totally evil and admit no middle ground.
* that both groups constantly claim their (rather extremist) views are facts but refuse to substantiate them.
I wonder how long it will take for people to agree that crypto neither cures cancer nor causes it...
Re: Yes, Crypto Is All a Scam
#9"Every day I write something about crypto to the nature of “crypto is all a scam”" Yet he still write daily about Crypto. Very weird. Whoever wanted to be convinced that is a scam should be convinced by now, everyone else just want to hold some coins.
everyone else just want to hold some coins. Until those people inevitably get rug pulled, scammed, ponzied. Then they will be convinced. Actually, most people who "hold some coins" know 99.99% of crypto is a scam but they still do it anyways in hopes of making money.
So what is the utility in writing the same articles and screaming the same points over and over again, to those who are still holding coins, and are clearly not interested in selling because "it might go to zero"?
"You're an idiot, it's a scam, it's a ponzi, why are you still holding????"
Live and let live.
Re: Yes, Crypto Is All a Scam
#10>Similarly, the “crypto as currency” and “crypto as investment” narratives have been thoroughly debunked because the truth value of these statements is predicated on factual claims that are demonstrably falsifiable. It must be nice to be able to just state something is thoroughly debunked and not have to give any evidence, despite billions of people not knowing, and be magically right...
> It must be nice to be able to just state something is thoroughly debunked and not have to give any evidence (...) That's quite the amusing comment, given the fact that crypto-bros reiterate that crypto is somehow money in spite of if repeatedly failing each and every single trait that makes something a currency. Now, when someone points out that fact, here we are with a newfound passion for argumentative formalitie…
Remember crypto-pushers continuously getting outraged at comments noting that crypto is not "an investment"?
A lot less of that going on now, with the current argument being all about "due diligence". Crypto works as an inefficient payments mechanism and a ledger for trusted and equal peers. It somehow did not magically break the fundamental rules of investment nor collective ecosystems.
A transparent anonymous and independent system of transactions is possible, but it is vastly different from the incentives existing in the space now.