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this post was submitted on 22 Aug 2024
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Technology
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The technology isn't, but it can be easily abused by malicious actors, using the exact same methods as shown in Wolf of Wall Street.
Until there is an actual use case for Crypto, it’s definitely a scam as a technology. It exists only for investors and scammers, anyone attempting to actually use it is getting reamed.
The ancient Greeks invented steam power, but didn't take it any further than a novelty. That doesn't make steam power a "scam."
You might have had a salient point if the ancient Greeks made it popular for “solving thirst across the known world,” but really it was a novelty. Or if crypto was marketed as a novelty. But crypto was hyped to be the next big things, spreading around the world, no monetary boundaries. The same people making those claims are spending hundreds of millions on the election to making sure it stay unregulated with no consumer protection.
But sure, crypto somehow parallels steam?