Bitcoin and Ethereum only have liquidity in the market because scammers use it for their pig butchering etc. scams. And all the major exchanges are complicit in that. Many Banks are scammy, yes, but not that scammy by a long shot. Sorry to burst your bubble 🤷
Comment on The Fediverse and Content Creation: Monetization
brachiosaurus@mander.xyz 2 days agoMost of crypto volume is done on bitcoin and ethereum network which are built to be less scammy than a bank. You could indeed argue that 99.9% of existing cryptocurrencies are scam because there are thousand existing projects that imitates bitcoin, similarly one could argue that 99.9% iphones copies are a scam
poVoq@slrpnk.net 2 days ago
brachiosaurus@mander.xyz 2 days ago
github.com/LemmyNet/lemmy?tab=readme-ov-file#cryp…
You can support lemmy by donating cryptocurrencies, they are not only used by scammers.
amino@lemmy.blahaj.zone 1 day ago
lmao, the blockchain that popularized NFTs is less scammy than a bank? touch grass
brachiosaurus@mander.xyz 1 day ago
Bitcoin and ethereum blockchains are built to be open, public and decentralized. The difference between these and a bank could be compared to the difference between reddit and lemmy. Is reddit a scam? Perhaps not on a large scale but it has all the potential to become a scam once its executives decide to do so. Lemmy is not owned by a single person which makes it way more harder to “control”.
amino@lemmy.blahaj.zone 14 hours ago
nobody said Ethereum had to be controlled by the state but when most of the influential figures who keep it running, including its creators participated in inflating the NFT ponzi scheme you can’t say it isn’t a scam because it’s “decentralized”. BTC and ETH don’t meet any definition of decentralization, that’s why DAOs failed