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).
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.
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.
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).
And to think, I almost felt pity for him.
Almost doing some heavy lifting there
that comment had to hurt the crypto community hard
If they could read
The people who still don’t know have built up a level of ignorance to miss any kind of message like that.
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.