hector comments on Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment

[–] hector@lemmy.today 4 points 9 months ago (1 child)

To be fair saying crypto is the currency of pedos is like castigating dollars for being the currency of the pedos. By the same logic we could condemn about anything. Crypto by volume is used way more by scammers than pedos anyway. 40 billion just in romance scams out of SE Asia run by Chinese Gangs with forced labor that is mostly run through crypto I presume.

But that doesn't mean crypto should be illegalized for that alone either. The governments will always use those examples to lock everything down under their control and the consequences of that are far worse than the free wheeling problems that came before.

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[+] verdi@tarte.nuage-libre.fr 2 points 9 months ago* (1 child)

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[–] hector@lemmy.today 3 points 9 months ago

The logic to condemn crypto because one group that sucks uses it it defective, is my point.

The dollar is a lot larger than an Israeli honeypot to ensnare swells in the west into fucking children on camera with epstein for Israel to hold and ensure their undying devotion no matter if they are cancelling their freedom of speech at home or pursuing a blatant final solution against their others. Just as crypto is bigger than the criminals that use it, and making that association will lose your credibility one would need to make other points.

That said, our politicians will max out the credit f the country, and de facto default printing money to pay off the debts that will skyrocket by tens of trillions of dollars every excuse they get while destroying the trust inherent in the system in multiple ways. One trust will remain for now, that big business that pays them off will be bailed out by tens of trillions in borrowed money when their own cheatings crashes their own businesses.