Submitted 8 months ago by BrikoX@lemmy.zip to globalnews@lemmy.zip
https://www.bbc.com/news/articles/cd78lvd94zyo
It marks a milestone for the once fringe industry, as it expands its power in Washington.
Archived version: archive.is/newest/https://…/cd78lvd94zyo
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
Yay! Scams are now legal.
Ok I’ll bite. What’s a scam? Currency in general, or currency on a distributed censorship resistant immutable ledger?
im gonna do a rug pull on you
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.
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.
muusemuuse@sh.itjust.works 8 months ago
What problem does this solve?