Decentralised currencies are fundamentally too expensive to operate, while providing dangerously little safety and a far worse user experience than fiat.
The scam part is the idea that any crypto coin is an asset with inherent value, when in fact the price is created entirely by new investment, in other words it’s just a ponzi scheme
JackbyDev@programming.dev 10 months ago
I think you may have misunderstood. I’m saying people call it a scam for a variety of reasons, so when someone says it isn’t a scam, I’m asking which way of calling it a scam are they saying it’s not a scam in relation to.
Ulrich@feddit.org 10 months ago
I’m the way that none of those other ways are fundamental to it’s intended use by it’s creator as an actual currency.
JackbyDev@programming.dev 10 months ago
There are plenty of things that aren’t created by scammers to be scams that people call scams.
Ulrich@feddit.org 10 months ago
That exactly my point.