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I know nothing about crypto and I'm only asking because I'm curious, it seems cryptos fail when it is either a scam or when people lose faith in it and sell it off in a mass panic.

But what about a legit crypto for white people? If it caught on, it could be a powerful crypto, am I right?

I know nothing about crypto and I'm only asking because I'm curious, it seems cryptos fail when it is either a scam or when people lose faith in it and sell it off in a mass panic. But what about a legit crypto for white people? If it caught on, it could be a powerful crypto, am I right?

(post is archived)

[–] • 4 pts

blackcoin would only be worth 60% of a whitecoin.

[–] • 1 pt

The only way to do that would be to kyc every single buyer of the coin to ensure they're white. You could market it as such and hope for the best but I sincerely doubt it's plausibility.

[–] • 1 pt

there is no legit crypto

crypto is a fucking ponzi scheme

[–] • 1 pt

This is the correct answer. Block chain technology is fine, but it can't be a currency any more than tulips can. The problem is persistence. Crypto only exists as ledger entries. The record isn't tangible and can always be falsified. Bitcoin was an idea, a very interesting one, but has no tangible value. Yes, federal reserve notes also have no value either. Federal reserve notes is also a ponzi scheme. The federal reserve cartel manufactures their currency anytime they want. This is known as theft.

While I agree bitcoin is very compelling, it's not the answer.

[–] • 0 pt

How would you not sell it to anyone else? The whole point of crypto is anonymous digital currency. There would be zero way to trade buy or sell it without identity verification which would make it useless and unadopted.