Crypto world rife with fraud, reckless gambling and idiocy

[Peter8519]

Blockchain has little to do with crypto -- except to crypto snake oil salesmen.

Crypto is based on blockchain technology. No?

 

[Sekiyo]

Crypto is based on blockchain technology. No?

BTC came with the blockchain.
Everything else is mostly little to no improvement.

 

[ZBZB]

Short Silvergate bank SI see Marc cohodes on hedgeye on YouTube and Twitter.

 

[2rosy]

thing with crypto is that it is so easy to create a token, nft, wallet, exchange, smart contract. And since the creator can do anything it is also easy to create a skim, siphon, drain. wild west

 

[SunTrader]

thing with crypto is that it is so easy to create a token, nft, wallet, exchange, smart contract. And since the creator can do anything it is also easy to create a skim, siphon, drain. wild west

So is counterfeiting paper money, and fake Rembrandts and ... and ....

 

[Pekelo]

There are frauds and manipulators in the Crypto or non-crypto world.

Anyway, traders don't bother about all these.

Except when you frantically withdrawing your coins/money because your exchange is going down, down, down....

 

[Pekelo]

I don't think you're looking at it properly. As others have said, it's no different from trading stocks,

Can you list how many regulated exchange have blown up in the last decade out of hundreds? In Cryptoland an exchange blow up is called Friday.

 

[cesfx]

Can you list how many regulated exchange have blown up in the last decade out of hundreds? In Cryptoland an exchange blow up is called Friday.

But when regulated, client's funds have to be segregated and not gambled away.

Crypto is the wild west... Those people like SBF should not be allowed to commit fraud so easily. This guy was in bed with government, sec and that woman running a hedge fund on monopoly money as collateral!

They should regulate the dealers and let the gamblers play.
No need to throw the baby out with the bathwater.

 

[Peter8519]

Cryto - transparency ! My foot!

In Singapore, thieves stole cash card in the transponder for cars by breaking the windscreen.

All were caught because the monies were traceable.
Now, no one dare steal it. Safe and secure.
The power of traceability. Of course, this is a price to pay.
The old transponder was designed to hide the cash card.
The new design do away with it as no one dare steals it.

 

[SunTrader]

Think the "Old" and "New" labels are transposed?

"New" plainly shows card visible underneath transponder.