Not a dig but where are the stats to support that assertion? The stats I saw for 2021 suggest on centralised exchanges at least the estimated amount of fraudulent money transacted was $14bn according to Time Magazine. The total transaction volume in 2021 was $15.8tn so scammers accounting for 0.089% of transactions.
lol the us dollar is toilet paper now. i have a crypto debit card and have maybe $30 in my pocket that i only spend for tips. using my crypto backed debit card on everything i buy no banks involved at all, not contributing to fiat currencies any longer. decentralized crypto is true freedom from oppressive governments that enslave you from birth and brainwash you with the views that you're expressing here.
Yes, it's very sad that people have this much faith in their own government. And what has the government ever done for anyone?
a lot more needs to be said. Half of this is sophomoric and the other half makes no sense whatsoever. The smartest answer I ever got (by a serial fin tech entrepreneur) was that crypto is rebuilding the financial system but no one can explain why a specific crypto currency should go up because of it (this is including some series A investors in coin base that I know) Inflation hedge makes no sense because it’s not even a piece of paper. Crypto has a high cost of carry with electricity. Greater adoption makes sense, but not for Bitcoin because without the creation of more coins it will lead to unstable economies of inflation rebuilding the financial system makes sense but how do tradeable cryptos represent a discounted cashflow valuation of that?
there is an old saying - but first who owns the media? "consider the source" no one is talking about how the exchanges have scammed the public for decades want me expand or do you concede that's the truth. most people who get scammed are also the ones who welcome viruses on their computers, there is no obligation for anyone to provide a fool proof investment vehicle for fools. The Biggest Stock Scams of Recent Time
70 percent of crypto daily volume is in stable coins. USDT has the largest volumes. They have been caught lying about what backs it multiple times. It is all out there if you open your eyes.
How does a crypto debit card work? You go out to a restaurant and the bill comes to 100 bucks. Once you tap your card, what is the process that takes place?
governments have: enslaved, taxed, experimented, murdered, incarcerated, created a maze of complicated and convoluted laws, mislead on drugs, environment, health, entitlements etc. A-Z Index of U.S. Government Departments and Agencies
BTC was free, when first introduced. It's value was established through emergent free market dynamics. BTC pizza day was the first transaction that gave BTC a dollar value.