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So because currency x can be used for financial scams we declare the currency itself a scam? Do ponzi schemes in Euros make the Euro a joke?



If someone did call Euros a joke because of a Euro ponzi scheme, would anyone who has Euros in their bank give the slightest shit, never mind write an article about how the Euro is being "slandered"?

Why do hodlers of cryptos get so irate then?


I recognize how my previous comment read, so I will try to explain myself better.

I have never owned any amount of a crypto, neither did I waste more than a few watt-minutes running a mining algo. I would actually be on the other end of the stereotype, "the bitter bitcon hater that has known about it since the early days (mainly from HN) but never invested a cent in it" but alas I do not fit there either.

I am a neutral observer, interested in debate about novel forms of currency rather than any single implementation. The initial point I was trying to make is that I find the argument about ICOs (the vast majority of witch are obvious scams) detracts from the actual technology. The way the trading markets are acting does not help either.


Ah, sorry if that came across as directed at you specifically. It was more just about the 'cultishness' around Bitcoin that I think marks it out as somewhat different to regular currencies.




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