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Re:Cryptos can't fix societal, political or economic problems by NicoJuicy on Thursday November 25, 2021 @06:27AM (#29340394)
Decentralization is not secure from fraud. Crypto shows the unpreparedness of the masses and platforms:

Eg. https://rekt.news

And personally, i didn't see any non-tech folk know the concept of an offline wallet.

"Save value for later" just abolishes everything that has been learned to increase consumption and drive economics from the last 100 years. It's a negative growth driver for the country, if you applaud that, i think that's insane.

Re:Cryptos can't fix societal, political or economic problems by oleganza on Thursday November 25, 2021 @07:43AM (#29340860)
That's an orthogonal issue. There are plenty of non-crypto investment scams (ask your local VC), phishing etc. Some part of the population will always be robbed or scammed, regardless of the name of your country, inflation rate or what currency you use to pay the bills.

Crypto may be higher on radar because there's lure of high returns because market is expanding rapidly, and, as in any bubble, some things will pop and some people will hold the bag. Just like with dotcom bubble or california gold rush.

PS. Even though California rush left most people without much direct profit, the indirect profit was that California was populated, infrastructure developed and it became an important part of the global economy, and as a free state was one more place where people could move to build a better future for themselves, even if they were not directly interested in the gold itself.

Re:Cryptos can't fix societal, political or economic problems by NicoJuicy on Thursday November 25, 2021 @03:16PM (#29344610)
Because some people are more easily fooled, doesn't mean that we should remove protections. Lol

Crypto IS higher on the radar because it's easier to pull off a fraud and send it through a bitcoin mixer. That's simply proven by criminals preferring crypto.

Bank money mules are a lot harder to accomplish if you're not a criminal organisation. Additionally, the money is more easily recovered through banks and banks should return your money from fraud in many cases: Eg. https://www.citizensadvice.org.uk/debt-and-money/banking/ban...

Re:Cryptos can't fix societal, political or economic problems by oleganza on Friday November 26, 2021 @04:44AM (#29348771)
You decide to frame it as "remove protections", while I frame it "here's thing with different tradeoffs". Did cars arrive on the streets with "protections removed" because they could go faster? Or we just accepted different tradeoffs and had to adjust design of the streets, cars and behaviour to improve safety of the new tech?

Of course, freedom comes with responsibility. If no one can take your coins easily, you won't be able to recover them easily from someone else either. That's an alternative compared to super-centralized hierarchical finance. People often imply that one is strictly worse than another without considering both advantages and disadvantages.

Re:Cryptos can't fix societal, political or economic problems by NicoJuicy on Saturday November 27, 2021 @07:19AM (#29359607)
If there are no protections, describing it as removing protections is correct.