Asklemmy

43958 readers

1849 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

708

What's a scam that's so normalized that we don't even realize it's a scam anymore? (lemm.ee)

submitted 1 year ago by mastermind@lemm.ee to c/asklemmy@lemmy.ml

1088 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] squaresinger@feddit.de 1 points 1 year ago* (last edited 1 year ago)

That is true, but technically speaking crypto does the same, just in a really dumb way.

When you buy crypto, you essentially give away real money for something worthless, so the real money is free, while you have nothing except the expectation that some bigger idiot will give you real money for your worthless coins.

But contrary to banks, there is no check whether it's useful to give the money to that person (e.g. checking whether the investment is sound) and there are no guarantees at all that you'll ever see that money again, as the owners of bored apes can attest.