this post was submitted on 18 Mar 2025
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I understand that crypto is a scam that will rob millions of people of money they desperately need.
Yall seem to young to to understand crypto. Its original intent was to combat the crazy bad economic stuff from 2007. It’s not inherently a scam as a category. 2007s banking collapse was really scary when it happened if you were paying attention. It made 9/11 seem like NBD. Unfortunately not much has changed and you’ll probably get to see something similar again.
Huh. I've never heard that being the reason, especially when crypto was supposedly made outside US but the 2007 crisis was centered around US.
The original reason is in the name.
You should read some of Satoshi's stuff about bitcoin, its honestly pretty interesting ,he wrote a lot about the economic implications of it. Actually fun fact in the first Bitcoin block, the first transaction has the title from British newspaper about how the government was bailing out more banks.