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

“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.