politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
I'm always confused about what this means, "bitcoin is a scam." It isn't. It does the thing it says it does. The fact that some bad actors use it for nefarious purposes doesn't mean the technology is lying, either
Yeah but if we're being real most people primarily consider bitcoin to be an investment and not a method for making discrete transactions.
So it's 90% a get-rich-quick pyramid scheme, 9% a method for making illegal transactions, 1% a method for people that are paranoid about the gub'ment to make transactions in a convoluted way to make it more difficult for the government to track transactions they didn't bother looking at anyway.
The correct thing to say is “there are a majority of cryptocurrencies that are scams”. I think the problem is “Bitcoin” is being used like “kleenex”, as a catch all for blockchain or cryptocurrency. Bitcoin itself is not a scam.
Crypto does the thing it says it does: enable peer-to-peer transactions that require the advance permission of no third party or government. It really is digital cash.
The problem is that's the best medium for scams. No matter which crypto you transact in, there is always a point where the transaction becomes immutable, no backsies, no "reverse the charges", no "court order to confiscate funds". The money is gone, and can't be compelled to come back unless the scammer is compelled to send it back. And if the scammer is outside the reach if the victim's governmental law enforcement, the literally nothing can be done.
Want to buy an NFT?
People who buy NFTs are getting what they pay for, too. We can debate whether they are paying way too much for bits, but people also pay too much for jewelery and yet there are lots of jewelery stores.
I probably have one to sell you too.
I won’t charge you a penny more than I bought it for in 2021.
I've heard nation based currencies have also been used for scams. But yeah, BTC is the problem, let's all keep Janet Yellin in charge of our collective net worth. (/s) smh.
Janet Yellen is not in charge of the United States money supply. You’re thinking of the Federal Open Market Committee, which is comprised of the seven members of the Federal Reserve Board, the president of the New York Federal Reserve Bank, and four of the eleven regional Federal Reserve Bank presidents on a yearly rotating basis.
And I’m not sure why you’re bringing up a criticism of our collective net worth on a discussion around whether Bitcoin is used in scams, unless you’re trying to push the narrative that traditional fiat currency is somehow worth less than an unbacked security. Which is both irrelevant to the conversation, and a pretty good indication that you don’t really understand how currency works.
Thanks for your input. You are correct. I'm pretty sure I don't understand how currency works. My point, which you ignore, is that all forms of of currency have been used in scams. Did you notice the (/s) at the end of the second sentence, which I used to indicate the snarky, and sarcastic nature of that sentence? Do you disagree, specifically that all forms of currency can, probably all have been, and all will continue to be used in scams?
Sure, and I’ll even broaden that. I’m pretty sure everything that has ever been used as a medium of exchange has been used in a scam somewhere, and the easier it is to use that medium of exchange, the more scams have been perpetrated using it.
Fair enough.