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by beaconstudios 1529 days ago
Perhaps my original formulation was insufficiently precise to get my point across - I mean that crypto is rooted in scams and pyramid schemes and whatnot in the sense that the nature of the industry makes it a magnet for those kinds of schemes and they are the primary driving force behind the money flooding the industry. That doesn't mean that the exchanges themselves are explicitly doing these things, or that all the businesses are either directly engaged in or materially supporting this behaviour (though I think the majority are), but that it's the driving force of the industry in that transportation drives the oil extraction industry.