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Cryptobros...
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this post was submitted on 18 Nov 2024
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Well, the crypto bros only seem to come up with scammy uses for crypto, whereas cash can be exchanged for goods and services.
That's not true, crypto is also useful for illicit purchases.
It actually isn't, because the blockchain is a multiple ledger system you can trace a coin back to every wallet who ever owned it and therefor it's functionally impossible to launder.
Instead, you can get anonymized credit cards via online services or route money through certain foreign banks and then you're basically a ghost.
Awww... I want a peanut....
EXPLAIN HOW!
Since you missed the point of the comment above, scams exist for every currency. What crypto brings to the table is secure, as in cryptographically secured wallets keeping your digital access to funds yours alone, and decentralized, as in no government can rapidly devalue it or shut it down, multiple ledger finances.
But yes, don't buy the hip new coins because of any influencers, and don't fall for "it's never going back down" pump and dumps.
there is a very small subset of cryptos that can be exchanged for real world goods and services too.
let me introduce you to my new invention: SuperDuperCoin!
I'm joking. but the first part is true.