[risyachka]

Crypto is a tool.

Is it often used for scam? Yes. But so is email.

Just like stocks can fall 99% in a day. It stock s cam? No.

The problem is that users dive into it without understanding the risks. Also, there should be (and will be) more regulations around it.

But it is as far from the scam as it gets.

[toqy]

You’re right, it’s not always a scam. Sometimes it’s just useless.

[rvz]

> The problem is that users dive into it without understanding the risks. Also, there should be (and will be) more regulations around it.

Correct. Only a few cryptocurrency projects will survive and the several meme cryptocurrencies or non-compliant coins will wither away.

This is why some companies waited for regulatory clarity to enter back into the cryptocurrency markets. This is what the absolutist crypto-skeptics or absolutist crypto-maximalists won't tell you.

[gabereiser]

If I buy a share of a company, I own it. Buy enough of it, I can control it. Same can not be said for crypto. If I buy a token of BTC it guarantees me no voting rights, no shareholder rights, no FDIC insurance, no insurance whatsoever. When comparing investment instruments, crypto is the worst of all of them, including timeshares.

[dubswithus]

Aren't most people pretty powerless when it comes to their investments? I can't think of any investments I've ever owned where I felt I had any power.

[gabereiser]

A lot of companies will restrict voting rights to the top % of investors. Some may even sit on the board.

Yes, the general public retail stockholder doesn’t have a whole lot of power. I was just making a point about ownership and securities. If you own enough stock in a company, your vote Carrie’s weight.

Downvoted I’m sure by the hodl gang.