The European Central Bank says it will begin regulating crypto-coins, from the point of view that they are largely scams and Ponzi schemes.
The European Central Bank says it will begin regulating crypto-coins, from the point of view that they are largely scams and Ponzi schemes.
6 comments
>>So crypto-assets are speculative assets that can cause major damage to society. At present they derive their value mainly from greed, they rely on the greed of others and the hope that the scheme continues unhindered. Until this house of cards collapses, leaving people buried under their losses.
This is a big change in tone from the ECB. Talk is all very well, but I wonder what they are actually going to do about this?
I don’t know much about it, but crypto currency seems like a big scam to me. How is some mathematical equation valued as currency? Someone, please explain that to me.
Seems fair. While some big ones might not be scams or ponzi, I would not be suprised if the majority is.
Looking at CryptoMoonShots… yes, that’s very correct assessment.
Crypto is also one of the main avenues of commerce remaining to Russians.
I read mining in the whole world costs the amount of electric power Spain uses.