Comment on Crypto mogul Do Kwon, known as ‘the cryptocurrency king,’ pleads guilty to fraud charges
bestboyfriendintheworld@sh.itjust.works 17 hours agoYes, banks are used for crimes on a massive scale. Usually that’s not available to small time people.
Crypto can be used for criminal activity with a low barrier to entry. There are several use cases where things maybe should not be illegal in the first place. Like buying drugs for example.
Alphane_Moon@lemmy.world 17 hours ago
Banks too are available for crimes for “small time people” if you know what you are doing.
The direction of this discussion is a red herring. My point was that beyond financial speculation and crime/fraud, crypto has no viable (not purely theoretical) use cases.
bestboyfriendintheworld@sh.itjust.works 17 hours ago
I agree with you.