It marks a milestone for the once fringe industry, as it expands its power in Washington.
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BrikoX@lemmy.zip 4 days ago
Yay! Scams are now legal.
locuester@lemmy.zip 4 days ago
Ok I’ll bite. What’s a scam? Currency in general, or currency on a distributed censorship resistant immutable ledger?
BrikoX@lemmy.zip 4 days ago
Promising something and then not delivering it while stealing the money in the process. The same could be true for FIAT, the difference is that FIAT is regulated, so most people would go to jail for it, while cryto is now above the law for the same.
I have no issue with crypto as a concept (e.g. Monero), it’s just that 99% of the crypto are just scams, rug pulls and fraud.
burgerpocalyse@lemmy.world 3 days ago
im gonna do a rug pull on you
knightly@pawb.social 3 days ago
Both, but currencies are dependent on the trustworthiness of a government that can at least theoretically be held accountable by its citizenry, while crypto is dependent on the banks and whales that own almost all the crypto.