this post was submitted on 14 Oct 2024
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Cybersecurity

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[–] Heikki@lemm.ee 16 points 1 day ago (2 children)

Who could have guessed crypto was all a big scam. I am shocked! Shocked, I tell you!!! Shocked!!!

[–] MintyPhoenix@programming.dev 9 points 1 day ago

Well, not that shocked.

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 day ago (1 children)

This is like saying "national currencies are all a big scam" because pyramid schemes generally use currency. There are a lot of crypto scams, but that doesn't mean the tech is a scam, just that it's a relatively easy avenue to create scams with.

The FBI can also track physical currency through serial numbers, credit/debit transactions through cooperation w/ banks, etc, but that doesn't make national currencies a scam...

[–] DempstersBox@lemmy.world 0 points 1 day ago (1 children)

Eh, I'll say it.

National currencies are a scam. No pyramid needes

[–] sugar_in_your_tea@sh.itjust.works 4 points 1 day ago* (last edited 1 day ago)

That's a bit of a rabbit hole, but I think the main argument here is that fiat currency is a bit of a scam since it can be inflated at will to erode value. But in practice, it's pretty predictable in most parts of the world.

A scam is when you get something different than was advertised. National currencies are usually pretty clear about how they're managed, and cryptocurrencies are generally completely transparent. If anything, cryptocurrencies are less of a scam than fiat currencies, though cryptocurencies probably have more scams since they're relatively new and understanding of how they work isn't as widespread as it should be given how much they're traded.

[–] rekabis@lemmy.ca 3 points 1 day ago

So the funny money is all a scam.

Colour me shocked.

[–] strawberry@kbin.earth 5 points 1 day ago

even reading the description that is so clearly a scam

[–] sunzu2@thebrainbin.org 4 points 1 day ago

How many time is this thing gonna get reposted... Does FBI really want everyone know how cool they are?