People outside of crypto think it’s a scam. I keep hearing this. It’s tiring. 

No technology is bad or good. 

Flint & steel creates fire that can destroy a house or burn you. But also can cook food or keep you warm.

Blockchains can be used to scam. 

Or they can be money Legos to build a better financial system. 

I prefer the later.

coding awaken.tax (crypto tax) | bullish on blockchains 🐂

TG: andrew_duca

I think most people don't want to admit that the tradfi system is also filled with scams

boils down to experience. like if someone feels they've been wronged, they're more willing to give brypto a chance

then once someone actually sets up a wallet, signs txs etc it becomes much more obvious why crypto is important

“Money legos” 👍 

USD was used for Madoff’s scam that took 20 years to expose vs SBF only 3 years to expose thanks to blockchain technology. Scams will happen in every financial system. Crypto has a better immune system for finding and fighting them.  

Then there are the “scams” that are now only scams because “money legos” can eradicate them:

- a 2.9% transaction fees
- $25,000 mortgage closing costs
- Private equity using the public as exit liquidity
- Prepayment penalties on loans
…..etc.