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by bruce511 870 days ago
You'll earn downvotes for the speed part, but this part is spot on;

>> The problem is crypto has a few solid real projects and a billion loud useless scam/spam projects that make the idea of "crypto" look like its all trash, finding the networks that actually have something to really give to the world is hard

Congrats to the OP who sent money to Vietnam. It's a fantastic use case. But as a non-crypto user I can't do that with crypto because I don't know which site to trust and which is a scam.

And -reputationally- they are -all scams-, some just haven't been caught yet.

(I know, I know, there are honest players, but even the -big names I recognise- get caught with their hands in the cookie jar, that taints everyone)

1 comments

Age would seem to be a good indicator ?

Incompetents like MtGox and FTX lasted only a few years. OP claims the service they used has been operating for a decade already.

Same for the underlying tech : Bitcoin, Etherium and even Monero have also been around for a decent amount of time. (Of course you might refuse to use them for other reasons, like the wasteful power usage of Bitcoin or the money laundering enabled by Monero.)

(Note that this can generally be applied to anything money-related...)