Crypto has no value from blog The Technology blog and podcast

Crypto has no value

There’s an article out there verifying what a lot of people in the tech industry has said for awhile. Crypto is used for money laundering, fraud and scams.

The U.K. plans to change that, but we’ll see how tht goes.

The article I spotted is titled Crypto has ‘no intrinsic value’ and ‘no useful social purpose,’ say lawmakers and I’m curious on your thoughts.

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Crypto has no value was released on May 18, 2023 at 12:48 pm by tech in article commentary.
Last modified: May 18, 2023.

Comments (3)

1. Comment by tech date 19 May 2023 alle 10:33 (),

   It is already being used in crime, and the recent books I’ve talked about recently talk about how it was used for crime. Just look at ransomware and how the supposed evildoers are getting paid. They want crypto currency because they believe it is not tracable. But as we’ve learned in books like the one I last posted about, it can be traced … if you know how.

   Crypto has never been regulated and they want to try and regulate it now. But they don’t understand how it works. Only the person who invented it, and those that use it to invest wisely know.

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2. Comment by crashmaster date 18 May 2023 alle 19:20 (),

   well if its no good then maybe it should be stopped.
   Sadly its just another fad, which is sad but oh well.

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3. Comment by crashmaster date 18 May 2023 alle 19:17 (),

   That is interesting.
   Crypto has been touted as unregulated currency which looks good.
   True the bad guys are getting into it, but even before bitcoin dropps down some the trend may be on the down and down.
   Exchange raids etc and all that.
   If crypto has no value and the evildoers are getting into it, then it should be banned.
   On the other hand if digital currency has no real value we should let it go as long as it doesn’t become a problem.

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