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danamit | 3 years ago

I am someone from a developing country who regularly used crypto either to get paid, or to pay for things online.

Does crypto have issues? yes. Is it good enough that in occasion it was my preferred payment method? yes.

Crypto community and companies are maybe bad, but if you zoom out into IT overall there is a fair share of greed and misuse. The internet is full of scams, gurus selling courses with false claims, spam emails that drain your grandpa's account, affiliate programs with 70% margin to sell fake products from questionable weight loss ebooks with health-harming diets to fragrances claiming to be perfumes that attract females supported by endless fake video testimonies, online communities encouraging hate, demoralization, and lack of belief in society.

Seem to me that those articles are nothing but status quo bias, does crypto has bad aspects? yes, is it worse than say internet? I don't know.

discuss

order

KptMarchewa|3 years ago

Did "gurus selling courses" have 3T market cap?

Did "affiliate programs with 70% margin" emit more CO2 than New Zealand?

Once the scam can cripple whole countries, it becomes dangerous. https://en.wikipedia.org/wiki/Albanian_Civil_War

yieldcrv|3 years ago

In both of your examples, crypto provides an advancement in live valuation that the other industries cannot.

Despite you making them rhetorical demonizations of crypto, the answers are actually “maybe? we don't know, what does Forrester and other market research firms say, do they have that data?”

(Other times when this is pointed out, people typically reveal that they view everything else as more useful than crypto - which naturally would then include gurus and affiliate programs - so their market size and country size emissions doesn't actually matter when this point is more accurately challenged. Just wondering if you had a more articulate argument or a more predictable one)