Do people still think crypto is a scam in 2025? • Hacker News Board

Re: Do people still think crypto is a scam in 2025?

#51

Post by anonym29 » Sun, Mar 09, 2025, 5:30 PM UTC

jazzyjackson wrote: post #27

anonym29 wrote: post #20

Earlier quoted context omitted.

You seem to be misunderstanding censorship resistance. It means that no government can block or stop a crypto transaction the way they can credit card and bank transactions, and has nothing to do with FIAT on/offramps at CEXs, nor with the traceability of past transactions that were made successfully.

Ok, Bitcoin has censorship resistance as long as you pretend CEXs aren't a factor, you can send money to whoever you want, as long as that person never wants to use a KYC'd offramp

CEXs aren't a factor unless you wish to trade your valuable, scarce Bitcoin for worthless pieces of paper and linen, backed by nothing for the last 50+ years, that have had a 40% expansion in supply in the last 5 years (AKA counterfeit currency), for whatever bizarre reason someone might want to make such a bad trade.

Re: Do people still think crypto is a scam in 2025?

#52

Post by arif4m » Sun, Mar 09, 2025, 10:48 PM UTC

diogenes_atx wrote: post #24

Is crypto a scam? It basically works as advertised, so technically it's not a scam. But the real question to consider is whether society is better off with crypto. Using cost-benefit analysis, we can draw up a simple balance sheet showing the positive benefits and the negative externalities: POSITIVE SOCIAL BENEFITS 1. Money can be transferred from one person to another without intermediaries such as banks. 2. It pro…

[flagged]

Re: Do people still think crypto is a scam in 2025?

#53

Post by empthought » Mon, Mar 10, 2025, 1:53 AM UTC

anonym29 wrote: post #50

empthought wrote: post #49

Earlier quoted context omitted.

You really scooted away from the fact that yes, since drug overdose deaths have been tracked, more people have been killed by drug overdoses than by the US government in combat. You brought in a bunch of irrelevant data to hide the fact that you are lying out of your ass. You are a pathetic excuse for a propagandist.

Your assertion is factually untrue, unless you include deaths from comorbidities arising from the use of government-approved carcinogens like alcohol and tobacco. Remember, the war on drugs isn't about protecting you from harmful substances. POSIWID. The purpose of the war on drugs was to silence and oppress Nixon's political enemy, the anti-war movement. You cite no data, just unsubstantiated ad-hominem attacks agai…

No, your assertion is factually untrue. You have to reach back to a point where no one living today was in any position to make any kind of policy, and still you bring in a bunch of irrelevant material instead of anything resembling statistics. (Seriously? Hiroshima and Korea? Why not go back to slavery?)

And overdose deaths today have fuckall to do with Korea and fuckall to do with the war on drugs, and barely anything to do with crypto or the post. And yet you put your criminal apologia on this thread, a tangent on a tangent.

Re: Do people still think crypto is a scam in 2025?

#54

Post by anonym29 » Mon, Mar 10, 2025, 1:52 PM UTC

empthought wrote: post #53

anonym29 wrote: post #50

Earlier quoted context omitted.

Your assertion is factually untrue, unless you include deaths from comorbidities arising from the use of government-approved carcinogens like alcohol and tobacco. Remember, the war on drugs isn't about protecting you from harmful substances. POSIWID. The purpose of the war on drugs was to silence and oppress Nixon's political enemy, the anti-war movement. You cite no data, just unsubstantiated ad-hominem attacks agai…

No, your assertion is factually untrue. You have to reach back to a point where no one living today was in any position to make any kind of policy, and still you bring in a bunch of irrelevant material instead of anything resembling statistics. (Seriously? Hiroshima and Korea? Why not go back to slavery?) And overdose deaths today have fuckall to do with Korea and fuckall to do with the war on drugs, and barely anyth…

Criminal apologia? What criminals am I defending? No victim = no crime. An individual choosing to ingest questionable substances of questionable origin, by their own free choice, only has consequences, not victims.