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by inversalAutoDoc
1412 days ago
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The mapping is the other way around. That most fraud requests USD is indisputable, but looking at it the other way, a disproportionate amount of the movement of Crypto (incl. bitcoin) is fraud-related compared to traditional currencies [assuming we define fraud separately from corruption.] This disproportionate share may be less than it appears when you take into account all of the things that Crypto is typically not used for, but the fact remains that there are daily stories about even large Crypto proponents being defrauded. That this fraudulant activity is enabled by the underlying mechanics (i.e. the decentralization and lack of a verifying authority [i.e. the primary draw of Crypto afaik]) of the platform is worthy of being brought up when discussing the technological merits of the platform. |
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With great power comes great responsibility; decentralization is a loaded gun. Use at your own risk!