Comment on Trump promotes family's new crypto platform, 'The Defiant Ones'

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aesthelete@lemmy.world ⁨2⁩ ⁨months⁩ ago

Well most crypto currency is backed by maths and no matter how many guns you point at it, you cannot make 2+2= anything other than 4.

Sure, you can make one type of coin or other rare or rate limited or whatever, but you can also just make up a different shit coin and give yourself a metric shit ton of that new coin, and then eventually try to move to either a more stable coin or back into fiat once you’ve gotten enough suckers holding the bag to exit.

That makes crypto ultimately not based on maths at all, but based on hype, stupidity, and scams alone.

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