Re:Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud
by lostmsu on Friday May 18, 2018 @03:17AM
(#17099313)
You mean mostly media talks about fraudulent use cases. Or otherwise, how do you know mostly they are used for fraud?
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Re:Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud
by tdb7893 on Friday May 18, 2018 @08:32AM
(#17100870)
The reason I think it's mostly speculation and fraud is that the only people I know who have crypto currency in real life have it as a speculative investment and that combined with the fact that it doesn't work well as a payment processor (historically it's been slow and expensive and even mainstream companies that used to take it seem to have often discontinued support). I actually don't think they are mostly fraud, I think they are mostly speculation and fraud is just the outcome ofof a speculative market with little regulation. I would be happy to hear about more use cases but most I've heard about have either been small toy use cases or "in the works".