"Rife with fraud": Crypto industry PAC raises $200+ million to fight regulations
"Rife with fraud": Crypto industry PAC raises $200+ million to fight regulations
The best form of regulation would be to shut them down entirely for the energy-wasting, scamming money launderers that they are.
Crypto ≠ Bitcoin.
Only proof of work coins are harmful to the environment, and even then, it depends on the type of work (Monero is p.o.w. but uses a fraction of the energy that Bitcoin uses).
Ethereum reduced their energy footprint by over 99.9% by switching to proof of stake. It has nearly no environmental impact.
It's like saying we should make all trains illegal because the first ones we made that ran on coal were bad for the environment.
Bitcoin was first, but they're not the only and far from the best.
This is exactly what regulations exist for.
Crypto is nothing but a scam.
PACs are a scam too. Double scam.
I'm sure they're doing this for the little guy. /s
I made the mistake of mentioning crypto derisively to a coworker at a new job and then he told me he'd bought in during the pan and lost money. I gotta be careful about what I talk about without knowing my audience.
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