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Yes, Crypto Is All a Scam

stephendiehl.com

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Re: Yes, Crypto Is All a Scam

#11

Post by theknocker »

simplotek wrote: post #5
LatteLazy wrote: post #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...

> 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…

[dead]

Re: Yes, Crypto Is All a Scam

#12

Post by afarrell »

LatteLazy wrote: post #8
simplotek wrote: post #5

Earlier quoted context omitted.

> 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...

I'm still wondering if there is good evidence that crypto is useful for Venezuelan economic refugees. I imagine such evidence is hard to find publicly because removing the obscurity would raise the probability that a friend of Maduro uses it against such refugees.

Re: Yes, Crypto Is All a Scam

#13

Post by [deleted] »

simplotek wrote: post #5
LatteLazy wrote: post #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...

> 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…

[deleted]

Re: Yes, Crypto Is All a Scam

#15

Post by jjtheblunt »

nivenkos wrote: post #7

The 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-han…

Isn’t the public ledger extreme monitoring, when a bit of correlating of addresses is layered on?

I mean aren’t there even services used by law enforcement for such?

Re: Yes, Crypto Is All a Scam

#16

Post by ShowalkKama »

I'd like to remind the readers that some people use crypto as a payment method and do not speculate.

As far as I know there is no alternative with the same level of convinience that crypto provide (KYC-less and fast payments to anyone in the world with just one secret). Remember that next time you suggest something among the lines of "crypto should be made illegal".

Re: Yes, Crypto Is All a Scam

#17

Post by earthbee »

simplotek wrote: post #5
LatteLazy wrote: post #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...

> 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…

I've exchanged crypto for goods and services, it's money for all my purposes.

Re: Yes, Crypto Is All a Scam

#18

Post by capableweb »

> scam /skæm/ (noun): a clever and dishonest plan for making money

This fits many projects in the cryptocurrency space. But what about the first successful cryptocurrency Bitcoin? Was it dishonest? What about Ethereum, is it also dishonest?

Seems like yes, there are lots of scams in cryptocurrency. But there is also projects that are not, so in the end, the title ends up being clickbait, which I (just like you) fell for...

Re: Yes, Crypto Is All a Scam

#19

Post by revskill »

Then tell me at least one "non scam" business for me to see ?

By your definition, all business needs to be scammy in some scene to make money, for survival.

Proof is simple: Non of any existing business will tell you anything on why it's bad, nor why you should not use it. And by proof of contradition (Nothing is perfect), you got the proof.

Meta won't tell you why it's bad for your psy health, no warning at all.

Google won't tell you why it's bad for your privacy, or why its search result is so bad for you, because Ad result is shit.

...

Re: Yes, Crypto Is All a Scam

#20

Post by roody15 »

LatteLazy wrote: post #8
simplotek wrote: post #5

Earlier quoted context omitted.

> 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...

I agree think honestly there is room for middle ground here.

Crypto didn’t stop humans from being humans. There are always people trying to make a quick an easy dollar. The tech really has little do with this aspect of human behavior.

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