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by squarefoot 1010 days ago
> I've always found it odd that people have such guttural reactions to cryptocurrency.

Cryptocurrency has been used for a huge number of scams, and generally to allow criminals launder their money and do more easily their job. All of this, and more, at a huge environmental expense. Technically the concept is great, but the implementation and use has been mostly harmful so far.

2 comments

You could say much of the same about email. Especially given that more spam is sent than legit.

ref: https://dataprot.net/statistics/spam-statistics/

It's only fair to then reflect on the almighty dollar and the scams, criminal deeds and atrocities which it has also enabled.

If you still find utility in the dollar bill after such reflection, then the argument doesn't hold up to cryptocurrency.

The difference is that crypto has only had a negative impact on my life. It's more of a mixed bag with the dollar.
What is the negative impact?