490
this post was submitted on 22 Aug 2024
490 points (97.5% liked)
Technology
59569 readers
4421 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Kinda misleading or poorly written title. He was not convicted of falling for a crypto scam. He was convicted of embezzling funds from the bank, which he did while pumping them into a dumb crypto scam. It would have been illegal even if the crypto thing was NOT a scam (which is rare, I know).
that comment had to hurt the crypto community hard
The people who still don't know have built up a level of ignorance to miss any kind of message like that.
If they could read
TBH I feel like it's much harder for anti-crypto ideologues to admit that crypto has non-scam usages. Or to admit that fiat currency is a scam so huge that it's literally destroying the planet.
to be fair, buying drugs or untraceable money transfers are totally a use case of crypto (basically everything that is illegal)
Crypto is very traceable though - every transaction that has ever happened is in a public ledger!
There's usually a transfer to or from fiat currency at some point, and there's been several cases where Bitcoin transfers have been traced to a real person using that.
And to think, I almost felt pity for him.
Almost doing some heavy lifting there