Re:Mozilla Foundation pausing cryptocurrency donations
by kuschku on Saturday January 08, 2022 @11:22PM
(#29860072)
> You can't create a ponzi scheme or perform money laundering with traditional financial products? Really? That's your claim?
> I'm not here to defend crypto, but let's keep the discussion factual.
You can’t speculate on the currency itself, driving its value up and down as part of your own ponzi scheme.
Or rather, for major currencies you can’t. Maybe you can manipulate tiny currencies of tiny nations that way, but those usually end up using the EUR or USD anyway.
>But no one cares about useful traditional financial products, as you can't create a ponzi scheme fueled by money laundering with useful traditional products.
You can't create a ponzi scheme or perform money laundering with traditional financial products? Really? That's your claim?
I'm not here to defend crypto, but let's keep the discussion factual.