[cyphermoon]

The "scam" is using payment systems that allow their owners, controllers, or just hackers to spy on every single transaction on earth, accessing all your past present and future economical activity on demand. Not even the worst dictatorships of centuries past ever dreamt of such awareness and control.

The promotion of pseudonymous and anonymous digital payment systems such as cryptocurrencies is vital to a healthy and functioning society.

[antiphase]

I can't really see how a craptocurrency attached to a messenger provides any sort of pseudonymity. If I can send money to you, I can later identify you in a ledger, which simply means I need to find some reason to converse with you and it's game over. If the ledger isn't public, you're back under corporate or Government control.

[cyphermoon]

Signal does not require KYC, so there is no direct link there. As far as public ledgers are concerned, pseudonymous activity offers reasonable privacy controls as long as you know what you are doing.

There are also entirely anonymous cryptocurrencies with no readable public ledgers. Everything is still decentralised, no centralised control of any kind, but you can't see what people are doing (Monero and Zcash being good examples. Signal uses Mobilecoin, which still needs to stand the test of time).

There is still a long road to go before there is a fool proof anonymous, liquid, consumer friendly, usable cryptocurrency, but it is the last bastion of defense against complete total state and corporate surveillance. - One of the greatest threats to human life, on par with climate change.

Your use of the word "craptocurrency" is rather childish and naive. Eventually you will take a closer look at the situation and reconsider. Good luck

I will leave this https://www.theengineroom.org/dangerous-data-the-role-of-dat...